Accounting For Corporate Dividend Tax
This query is : Resolved
04 June 2010
What Corporate Dividend Tax rate we should take for making provision for Coporate Dividend TAx i.e we should take Corporate Dividend Tax rate existing on the balance sheet date or rate existing on the date of signing of annual accounts?
05 June 2010
AS PER MY OPINION Corporate Dividend Tax rate existing on the balance sheet date.
Message likes :
1 times
06 June 2010
Sir on what basis you give this opinion/
07 June 2010
PROVISION IS MADE AS PER INFORMATION AVAILABLE AT THE DATE OF BALANCE SHEET.
10 June 2010
Sir But if we know reduced tax rate on date of signing of balance sheet date than can we consider that rate? this is same provision that we consider while creating deferred tax provision..
11 June 2010
we make the provision at the balance sheet date, because of that i think Tax rate existing on the balance sheet date is apply for provision.
Views of other experts solicited
Views of other experts solicited
02 June 2011
Dear All,
If you check income tax act, dividend tax rates are not for the assessment year but these rates are as on the date. The rates applicable for the provision would be for the year in which dividend would be approved by shareholders.
If you check income tax act, dividend tax rates are not for the assessment year but these rates are as on the date. The rates applicable for the provision would be for the year in which dividend would be approved by shareholders.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
