19 May 2011
If CDT is to be provided on proposed dividend for year ending 31st March 2011, then what would be the CDT rate, whether 16.2225% or 16.60875% and why.
19 May 2011
It should be @16.2225% as tax becomes payable on earliest of Following :_ a) date of declaration,or b) date of distribution,or c) date of payment as proposed dividend is just provision and would be available for payment to shareholder from the date declaration by company in AGM which definatly would fall in the FY 2011-12 thus rate should be 16.2225%
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