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Dividend distribuiton tax

This query is : Resolved 
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(Querist)
06 April 2009 Should Co-operative Banks pay tax on dividend distributed to its members.If yes as per which section they need to do so.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
07 April 2009 Yes. Co-operative Banks also has to pay dividend ditribution tax.

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