Dividend distribution tax-urgent query
This query is : Resolved
07 March 2015
GOOD MORNING EXPERTS.................
PROPOSED DIVIDEND=100000
DDT =15%
DDT=100000*15/115=13043
DDT=100000*15/100=15000
DDT=100000*15/85=17647
WHICH OF THE ABOVE METHODS IS CORRECT AS PER FINANCE ACT 2014 TO CALCULATE DDT??????????????????????????????????????????????????????????????
PLEASE REPLY AS SOON AS POSSIBLEEEEEEEEEEEEEEEEEEEEE
PROPOSED DIVIDEND=100000
DDT =15%
DDT=100000*15/115=13043
DDT=100000*15/100=15000
DDT=100000*15/85=17647
WHICH OF THE ABOVE METHODS IS CORRECT AS PER FINANCE ACT 2014 TO CALCULATE DDT??????????????????????????????????????????????????????????????
PLEASE REPLY AS SOON AS POSSIBLEEEEEEEEEEEEEEEEEEEEE
07 March 2015
Last method is correct.
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07 March 2015
thank u sir
if possible please explain the reason
if possible please explain the reason
07 March 2015
thank u sir
if possible please explain the reason
if possible please explain the reason
07 March 2015
In the pre 2003 period, shareholders were required to pay tax on gross dividend. But in post 2003 period, company pays tax on the dividend amount net of taxes.
Reason for grossing up is said to remove the above noted anomaly.
Reason for grossing up is said to remove the above noted anomaly.
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