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DDT RATE FOR AY 19-20
What is the DDT rate for ay 19-20, A co paid 100 Lakhs dividend to its shareholders what is the DDT amount should be....?
Replies (4)
20.56 with grossing up. you will pay 20.56lakh
But Grossing up should be for 17.472, and we will get 21.171% right
Do we need to gross up only 15%?
Do we need to gross up only 15%?
you may refer ICAI study materials
Dividend Distribution Tax :
at the rate of 15%
100/(100-15)*100 = 117.6450588
117.6450588-100 = 17.6450588
Add Surcharge @ 12% and Cess @ 4%
17.6450588 * 112% * 104% = 20.55529, approx 20.56%
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