employed
2574 Points
Posted on 21 December 2009
Nice analysis.
But public companies can also be closely held.
Also there is no Dividend distribution tax on deemed dividend. The logic applied in the case being that to attract DDT, there should be a distribution in proportion to the shareholding.
But i think DDT is good because it gives the shareholder exemption of the income in his hand. By making the co pay 16.995% tax, he can avoid 30.9% tax yaar....
But still, the presentation was a wonderful way to get knowledge of the ways in which dividend is taxed! Cant take that from u! The balance sheet approach was fresh and intruiging.