Hello Members,
Any idea what is the divident distribution tax(DDT) rate for floating rate funds(mutual fund) ?
Thanks
josh
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Dividend distribution tax
Replies (1)
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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