CDT

This query is : Resolved 

19 May 2011 Dear All

In case where the company has adjusted the amount of dividend with the amount outstanding to the shareholder on which such shareholder has already given tax as per provisions of Deemed Dividend.

Whether the company is required to give the CDT on declaration of dividend on such adjusted amount ?

Regards
Rahul

19 May 2011 IT APPEARS THAT DIV IS DEEMED UNDER SECTION 2(22)(E) IN THE HANDS OF THE SHAREHOLDER
IF YES THEN ON SUCH DIV NO CDT IS PAYABLE
IF OTHERWISE THEN CDT IS ALWAYS PAYABLE
CA MANOJ GUPTA
JODHPUR
09828510543



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