Our company is IndiaItaly ltd., an indo italian 50:50 jv.
Q is - if such JV (indiaitaly Ltd.) distributes dividend paying (CDT thereon) to india Ltd. and Italy Ltd.
and thereafter india ltd. distributes same dividend (received from indiaitaly ltd.) to its individual
shareholders then such dividend again chargeable to CDT or not ????.
Hi Gaurav
The workings are:
CDT payable on dividend declared bt India Ltd -- xx
Less: CDT on dividend received by India ltd -- xx
-------------
CDT payable by India ltd xx
Regards
Sahana murthy
N N V Satish & Co.,
Hyderabad
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