A private limited company is declaring dividend out of profit of last 2 years. My query is:
1. Is it allowed to declare dividend from accumulated profit.
2. Does the company need to pay any tax on it.
A private limited company is declaring dividend out of profit of last 2 years. My query is:
1. Is it allowed to declare dividend from accumulated profit.
2. Does the company need to pay any tax on it.
Does the company have to pay any taxes (DDT has been abolished)...Or just need to deduct TDS..
@ just fall
Dividends tax is withheld by the company declaring the dividend on behalf of the shareholder receiving it. In specie dividends are subject to tax in the hands of the company and not the beneficial owner.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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