Dividend Tax

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Atul Kumar

37 Points Joined March 2007

i am a pvt. ltd. company and is not listed in a recognised stock exchange. can i issue dividend? if yes plz tell me the required forms and challans etc to be submitted to various authorities plz wsubmit with all detais possible....[b][/b][size=14][/size][face=Arial][/face][color=black][/color]

Replies (4)

Ca Deepa

61 Points Joined March 2007

Atul,

As for dividend, pvt co. can very well do it without much formalities. U just need to keep ur resolution regd the same prepared at board meetings. If final div, then it has to be proposed at Board meet &approved at a general meeting. And if interim then proposed and approved at Board meeting. The only formalities it paying Dividend distribution tax @ 12.5 % +10%+ 2% if declared befor 31st.
Pay this thru the challan 283 (select tax on profits of company) and pay to the designated bank accepting the same

Originally posted by :Ca Deepa
"	Atul,As for dividend, pvt co. can very well do it without much formalities. U just need to keep ur resolution regd the same prepared at board meetings. If final div, then it has to be proposed at Board meet &approved at a general meeting. And if interim then proposed and approved at Board meeting. The only formalities it paying Dividend distribution tax @ 12.5 % +10%+ 2% if declared befor 31st. Pay this thru the challan 283 (select tax on profits of company) and pay to the designated bank accepting the same	"