Corporate dividend tax
This query is : Resolved
04 August 2012
what is current percentage for corporate dividend tax in india.
And why companies are paying corporate dividend tax
And why companies are paying corporate dividend tax
CA PARAS BAFNA
(Expert)
04 August 2012
The rate is 15%.
.
Humour:
1. The reason is the same as in the case of other taxes which we are paying.
.
2. To disinfect/purify the profits of the Co. DDT Dividend Distribution Tax is being paid. If Company do not distribute divdends, it has not to pay DDT.
.
.
Humour:
1. The reason is the same as in the case of other taxes which we are paying.
.
2. To disinfect/purify the profits of the Co. DDT Dividend Distribution Tax is being paid. If Company do not distribute divdends, it has not to pay DDT.
.
11 August 2012
Thank you sir.
But company already pays tax and then only they declaring dividend, then why so again paying DDT...?
Is this lead to double taxation...?
But company already pays tax and then only they declaring dividend, then why so again paying DDT...?
Is this lead to double taxation...?
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