Dividend distribution tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 March 2015 Please provide how to calculate dividend distribution tax under reverse charge mechanism. Declared dividend Rs. 20 Lakhs

12 March 2015 reverse charge mechanism is under service tax and dividend distribution tax is under income tax act so both are different concept.

12 March 2015 20 lakhs * 15/85 = 3,52,941/- is the DDT.

12 March 2015 sir wat about surcharge and cess on ddt?
whether applicable or not?


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 March 2015 i think rate is increase from oct-14,it seems to be 17.65 plus surcharge and cess.

if company is under bracket of 5% surcharge then dividend is taxable @ 5% surcharge or 10%

12 March 2015 @ Sampat Ji
I have given % and amount EXCLUDING SC and CESS.


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