V AGARWAL (Director) (177 Points)
07 August 2010What is the dividend distribution tax applicable to Domestic companies cuurently, what is the basic rate , surcharge if any and Edu Cess?
WHats the rule on Surcharge, above 1 crore turnover whats the surcharge etc?
Whats the rule on DDT, surcharge applicable on Turnover or Income(=Profits)?
Kindly clarify:?
Shivam
(CA Final student)
(159 Points)
Replied 07 August 2010
surcharge is not applicable on domistic companies.............
it s applicable only on Foreign Cos. ..... 2.5%
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 07 August 2010
Dividend Distribution Tax Rate is 15% & Cess @ 3%. Surcharge, dont know whether is applicable for domestic company.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 07 August 2010
Surchage is applicable on DDT irrespective of whether income exceed 1 crore or not @ 7.5% currently.
CA Trinath Galla
(student)
(3130 Points)
Replied 07 August 2010
| Originally posted by : M.Sriram Shenoy | ||
 |
Dividend Distribution Tax Rate is 15% & Cess @ 3%. Surcharge not applicable for domestic company. |
 |
Shiva Kumar
(CA Final)
(208 Points)
Replied 07 August 2010
Hmmm, Only Mri Aditya is RIGHT. Surcharge at 7.5% irrespective of the Total Income of the Company.
Others, Hmmm - Please go and read Finance Act, 2010 - Rates of Income Tax - Clause (2).
Shiva
PS: Pathetic
CA Amit Kumar Khaitan
(Research Analyst)
(360 Points)
Replied 07 August 2010
The Indian govt will not get rid of surcharge for domestic companies alone... Pathetic really..
Shiva Kumar
(CA Final)
(208 Points)
Replied 07 August 2010
| Originally posted by : Shivam | ||
|
surcharge is not applicable on domistic companies............. it s applicable only on Foreign Cos. ..... 2.5% |
|
BOSS, Surcharge is veru much applicable to domestic companies. It is infact 10% when Total Income exceeds One Crore.
Please do some research and then give a reply. These type of answers will reflect your aptitute.
Please take this as an advice from your brother or if you are hurt, I'm Sorry, but the answer was pathetic.
Shiva
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
