Dividend Tax & rate


This query is : Resolved 

09 July 2008 what is the guideline of dividend declare of the Limited co.

what is the legal requirement and current tax rate of dividend

10 July 2008 Dividends as proposed by Board of Directors are approved by the shareholders in the AGM. A tax of fifteen percent is payable on such dividend under section 115O of the Income Tax Act and the same is known as Tax on Distributed Profits.


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