Hi Friends.I am a Ca Final n CS final student. I have observed that closely held Private Companies in general do not declare any dividend in spite of huge profit earned by the Co.
I want to know whether Corporate Dividend distribution tax is applicable to such closely held Pvt. Companies?
| Originally posted by :Sanjay | ||
| " | Whenever a closely held companied declares dividend it has to pay CDT, other wise panality will be attracted CTD arte is 16.995% | " |
Thanks Maruti.
Maruthi is right...CDT is applicable to all companies.....Public as well as private
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