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?
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.
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.
CAclubindia
