Ddt

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 November 2017 EBT........................=10,00,000
TAX(30.9%)...........= 3,09,000
EAT/EAESH...........= 6,91,000

Now should I apply 20. 358% on 6,91,000
Or
From business point of view gross up (6,91,000*20.358)/120.358
Or
How?

28 November 2017 DDT is to be given on dividend declared i.e profit which is distributed to share holder. DDT is not to be given on EAT

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2017 Sir,
My doubt was about how to calculate ddt when dividend is declared. If dividend declared is 600000 how ddt is calculated.
And also how ddt is treated in companies for accounting purpose. Will it be deducted from the retained earnings?.

02 December 2017 Kindly refer https://www.investsaver.com/dividend-distribution-tax/


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