Dividend distribution tax

Tax queries 1068 views 1 replies

dividend declared by cooperative banks; incidence of tax; whether cooperative banks have to pay dividend distribution tax; if cooperative banks which are governed by cooperative socities act do not pay the dividend distribution tax the dividend income received from such cooperative banks is taxable at the hands of individual share holders; if so under which head

 

 

racoauditors

Replies (1)
DDT is payable as it is also governed by cos act.


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