Rate of Dividend Distribution tax on companies
This query is : Resolved
29 June 2009
Can any one tell me the rate of DDT
whether surcharge & edu. cess is included in 15%.
Give a brief example when it will be
15% , 15.45% & 16.995
whether surcharge & edu. cess is included in 15%.
Give a brief example when it will be
15% , 15.45% & 16.995
vinod kumar lalwani
(Expert)
29 June 2009
Dear,
Rate of DDT is 16.995%.
because the definition of tax as given in section 2 (43) is txa means tax chargeable under this act(i.e income tax act) and surcharge and cess is chargeable under finance act of each year.
so u/s 115-o tax rate is 15% and SC and cesss shall be chargeable separately.
Rate of DDT is 16.995%.
because the definition of tax as given in section 2 (43) is txa means tax chargeable under this act(i.e income tax act) and surcharge and cess is chargeable under finance act of each year.
so u/s 115-o tax rate is 15% and SC and cesss shall be chargeable separately.
Manmohan ACA, CS
(Expert)
29 June 2009
agree
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