Dividend distribution tax
This query is : Resolved
Querist : Anonymous
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?
whether applicable or not?
Querist : Anonymous
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%
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.
I have given % and amount EXCLUDING SC and CESS.
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