Tax query
This query is : Resolved
06 December 2016
Hi,
If my pvt.ltd company after paying tax has a profit of 1cr how can the share holders take out the money from company..?My CA say that shareholders can take money in form of dividend but that will result in additional tax in the form of
dividend distribution tax @15%..? so that will am out to total taxation of about 50%....PLS help ...
CA R SEETHARAMAN
(Expert)
06 December 2016
Whatever your CA says is right.
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