Sirs,
A company has paid Interim dividend on 01.10.2013. What is the rate of dividend distribution tax applicable? In some books it is stated as 15% + 10% SC +3% cess for the financial year after 01.04.2013 irrespective of Total Income of the company. Some other IT reckoners say that SC of 5% is applicable only if Total Income of the Company is above one crore and SC of 10% is applicable if Total Income is beyond 10 Crores and SC is Nil if the Total Income is below 1 crore.Which is correct?
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