CDT- which rate

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Amit Gupta (Querist)
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22 December 2010 Hey

If the cdt is being paid for the dividends related to previous year( say f/y 2009-10) and is declared n paid in fy 2010-11.Which rate would be applicable for this i.e. 16.995 or 16.609???

Kuldeep Verma

Kuldeep Verma (Expert)
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24 December 2010 cdt rates will be applicable for the in which dividend is paid. As in ur case fy 2010-11 is the year, rate will be as

16%+ 7.5%+ 3% = 16.609%

Amit Gupta

Amit Gupta (Querist)
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24 December 2010 Could u please support ur answer

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Kuldeep Verma

Kuldeep Verma (Expert)
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24 December 2010 I AM NOT GETTING U, U WANT SUPPORT BY SEC OR CASE LAW OR WHAT

Amit Gupta

Amit Gupta (Querist)
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24 December 2010 any legal provision (be it section/ circular/notification/case law)