Devidend Tax

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Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2010 Sir, Late me know the rate of Devidend Tax.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 November 2010 Dividend distributed by an Indian Company is exempt from income-tax in the hands of many shareholders. The Indian Company is liable to pay Dividend Distribution Tax (DDT) @ 16.609 percent (i.e. inclusive of surcharge and education cess) on such dividends

For details see following link---

http://taxguru.in/budget-2010/income-tax-rate-dividend-distribution-tax-rate-stt-rate-wealth-tax-rate-mat-tax-rate-and-rate-applicable-to-special-income-for-a-y-2011-12-f-y-2010-11-as-provided-in-budget-2010.html

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2010 Thank you vey much sir

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