In case where the company has adjusted the amount of dividend with the amount outstanding to the shareholder on which such shareholder has already given tax as per provisions of Deemed Dividend.
Whether the company is required to give the CDT on declaration of dividend on such adjusted amount ?
19 May 2011
IT APPEARS THAT DIV IS DEEMED UNDER SECTION 2(22)(E) IN THE HANDS OF THE SHAREHOLDER IF YES THEN ON SUCH DIV NO CDT IS PAYABLE IF OTHERWISE THEN CDT IS ALWAYS PAYABLE CA MANOJ GUPTA JODHPUR 09828510543