Hello All
1. Is dividend on preference shares subject to dividend distribution tax u/s 115-O of Income Tax Act, 1961?
2. Does the definition of dividend u/s 2(22) of Income Tax Act, 1961 covers preference shares dividend?
Regards
Santhana Raman
Menu
Preference dividend and dividend distribution tax
Replies (3)
Dear Mr. Raman,
Dividend on prefrence share shall be covered by section 2(22)(a) and hence DDT as per 115O is applicable.
Thanks
It is covered u/s 115O of Income Tax
Dear Sir,
Is DDT applicable to preference dividend distributed by private limited companies?
If yes, What is the percentage of dividend?
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
