Dividend distribution tax (ddt)

This query is : Open

Querist : Anonymous

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

Rupesh Jain (Expert)
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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

Querist : Anonymous

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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