radha ltd received dividend of rs 100 lakh from king ltd of singapore in dec 2016.
company declared interim dividend of rs 200 lakh in january 2017
DDT payable by radha ltd
dividend distribution tax
Replies (1)
Set-off will be available if King Ltd. is subsidiary of Radha Ltd, and Radha Ltd. is paying tax on 100 lac of dividend u/s 115BBD.
DDT payable:
(200 - 100) lac = 100 lac.
Gross dividend: 100 / (100-15)% = 117.65 lac.
DDT: 17.65 + surcharge + cess.
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