May I know Rate of Dividend Distribution Tax payable by Resident Indian Company on Dividend Declared on 15th October, 2009 Please ?
viz.
a. Whether 15% plus surcharge & Education cess or
b. 15% plus education cess or
c. 15% only
Please advice
Thanks & Regards,
Valerian D'Souza
Manager Accounts
It is 15 % tax + surcharge + cess
15 % tax + surcharge + cess
15 % tax + surcharge + cess
| Originally posted by :Trinath | ||
| " | 15 % tax + surcharge + cess | " |
please tell me what is the Rate of Dividend Tax and Surcharge thereon and
kindly clarify that is there any Education Cell and Higher Education Cess on that
Dear Bala Subramanyam,
Dividend distribution tax is levied on the company at the time of paying interim dividend or final dividend.The tax rate is 15% on the amount of dividend distributed.10% surcharge on the tax and 3% education cess (i.e 2% primary education cess and 1% secondary and higher educaiton cess) on tax + surcharge.The effective rate of tax turns out to be 16.995%.
| Originally posted by :FATEMA | ||
| " | Dear Bala Subramanyam, Dividend distribution tax is levied on the company at the time of paying interim dividend or final dividend.The tax rate is 15% on the amount of dividend distributed.10% surcharge on the tax and 3% education cess (i.e 2% primary education cess and 1% secondary and higher educaiton cess) on tax + surcharge.The effective rate of tax turns out to be 16.995%. |
" |
I agree with Fatema.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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