May I know Rate of Dividend Distribution Tax payable by the Resident Indian Company to a Foreign Company and AGM to be held on 30th Sep 2010. and Divident declared on the same date?
viz.
a. Whether 15% plus surcharge & Education cess or
b. 15% plus education cess or
c. 15% only
Please advice
Thanks & Regards,
B Bala Pullaiah
Dividend distribution tax is 16.61% for a Domestic Company. (16.61 includes 15%+surcharge+service tax)
Please paste the below link in your brower and view Table-2 for more details.
https://www.taxguru.in/budget-2010/income-tax-rate-dividend-distribution-tax-rate-stt-rate-wealth-tax-rate-mat-tax-rate-and-rate-applicable-to-special-income-for-a-y-2011-12-f-y-2010-11-as-provided-in-budget-2010.html
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