Dividend distribution tax (ddt)


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2013 What is the basis for charging DDT/CDT on distribution of dividend by companies, since it is a mere distribution of profits which has already been taxed once?

Doesn't it result into taxing the same profit twice?


Rupesh Jain (Expert)
21 December 2013 DDT will pay by company on declare /distributed dividend to share holders 15%

and share holder not paid any tax on that dividend income


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2013 still, why DDT is charged even to the company whilst the dividend is declared from those profits which have been taxed once?


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