TAX ON DISTRIBUTED PROFITS


MEENA VIVEK   20 August 2019

MEENA VIVEK

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We are a domestic company now we have declared dividend for 31-03-2019 (AGM DATE 19-08-2019). In which rate dividend tax to be payable U/s.115 O that is 17.304% or 20.556.Kindly Clarify.

avater

Kapadia Pravin   20 August 2019

Kapadia Pravin

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The principal officer of the domestic company and the company shall be liable to pay the tax on distributed profits to the credit of the Central Government within fourteen days from the date of—

[a] declaration of any dividend; or

[b] distribution of any dividend; or

[c] payment of any dividend,

whichever is earliest.

--at rate prevailing as of date either a or b or c


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