VeRrrrryyyyyy urrrggentttttt

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Nisar Ali

Nisar Ali (Querist)
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02 May 2011 What dividend distribution rate shud i use for tomOrows accounts exam?? Pleeaaase helppp
Thankyu

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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02 May 2011 It will depend upon the date of declaration or distribution of payment thereof. If the date if before 01.04.2011, then Basic 15% plus SC 7.5% plus EC & SHEC 3%
If the date is on or after 01.04.2011 then basis 15% plus SC 5% plus EC & SHEC 3%.

It is to be paid within 14 days of earliest date between - Declaration, Distribution or Payment thereof. I hope you are clear on this now.

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Nisar Ali

Nisar Ali (Querist)
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02 May 2011 But in institute material problems.. In all prblms they calculated 10%..
but at d end of chapter ddt is 15%
am little confused abt vch rate shud i consider..

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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02 May 2011 Best way to get through this is apply the rates as given in the Act and as i have replied you. And write a note and the end of the solution. "As per prevailing rates for so and so A.Y." I think that the Institute's material may be of earlier version. So its always better to go with actual dates given in the problem and applying the rates prevailing in the Act.

Nisar Ali

Nisar Ali (Querist)
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02 May 2011 Am talking about divdnd distrbution tax.. Srry.. Frgot to mention it

Nisar Ali

Nisar Ali (Querist)
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02 May 2011 Srry sir.. I meant DDT

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)
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02 May 2011 I am also talking about the Dividend Distribution Tax only.

Nisar Ali

Nisar Ali (Querist)
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02 May 2011 Ok.. Thankyu sir..
I wil write as u said..
Thnkz a lot