dividend tax

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Querist : Anonymous (Querist)
27 March 2011
what is the tax on distribution of profit

27 March 2011 Dividend distributed by an Indian Company is exempt from income-tax in the hands of many shareholders. The Indian Company is liable to pay Dividend Distribution Tax (DDT) @ 16.609 percent (i.e. inclusive of surcharge and education cess) on such dividends


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