Tax on dividend??

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Y ltd in which 80% shares are held by G ltd. Y ltd declared a dividend amounting to rs 30 lacs to the shareholders for the financial year 2011-12 in its annual general meeting held on 18th may 2012. Dividend distribuion tax was paid by Y LTD on 20th May 2012. G ltd declared an interim dividend amounting to Rs 40 lacs on 1st december 2012 for the year ended 31st march 2013

 

Compute the amount of tax on dividend payble by G ltd.

 

What if 52% shares of Gltd are held by S ltd, an Indian company???

Replies (4)

cdt to be paid by G Ltd will be on amount of Rs 16 Lacs ...

 

What if 52% shares of Gltd are held by S ltd, an Indian company??? 

 

if S Ltd will declear dividend then it will pay cdt on amount after deducting div received from G Ltd

if S Ltd will declear dividend then it will pay cdt on amount after deducting div received from G Ltd

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