Dear All,
Pls. respond to this query at the earliest:
X ltd is a Pvt. Ltd. Co. having its only source of income as dividend income on equity shares which is fully exempt from income tax.
Now X Ltd declares dividend to its shareholders out of this Exempt income.
The question is whether X Ltd is liable to pay DDT since it is declaring dividend out of exempt income.
Thanks in advance.
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Ddt
Replies (1)
DDT is payable even if there is loss....so no exemp here ...
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