Dividend distribution tax
This query is : Resolved
11 May 2013
Dear Sir,
According to section 115-O, if a holding company receives the dividend from its subsidiary, & the holding company distributes that dividend to its shareholders,then the amount of DDT payable by the holding is reduced by the amount of DDT paid by its subsidiary.
So, how to present this setoff of DDT in revised schedule VI.
According to section 115-O, if a holding company receives the dividend from its subsidiary, & the holding company distributes that dividend to its shareholders,then the amount of DDT payable by the holding is reduced by the amount of DDT paid by its subsidiary.
So, how to present this setoff of DDT in revised schedule VI.
CA. Sunil Kumar
(Expert)
12 May 2013
the calculated DDT will be charge to profit and loss appropriation and liability in bs.
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