Dividend distribution tax

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IT
256 Points Posted on 12 August 2008

Hello Members,

Any idea what is the divident distribution tax(DDT) rate for floating rate funds(mutual fund) ?

Thanks

josh

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On 12 August 2008 at 00:10 Report
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Internal Auditor
189 Points Posted on 12 August 2008

Dear

Dividend Distribution Tax is a tax which the Company has to pay which declares dividend on its shares/units

The rate of DDT is 16.995% ( IT=15%, Surcharge=10%, Edu. cess=3%)

It is for Domestic Companies.

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On 12 August 2008 at 09:57

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