Preference dividend and dividend distribution tax

P SANTHANA RAMAN (CA) (26 Points)

21 September 2009  

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