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04 September 2014 what is tax on distributed profit
Tax on distributed income.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 September 2014 Tax on Distributed Profit is Dividend Distribution tax.

In simple terms, distributed profits are those earnings which are shared with shareholders as dividend. Section 115-O of the Income Tax, 1961 refers to dividend ditribution tax as an additional income tax. Such tax is not in the nature of withholding tax. It is a levy on the post tax profits of the company out of which the dividend is declared or distributed.

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