What is
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Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2014
what is tax on distributed profit
Tax on distributed income.
Tax on distributed income.
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.
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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