Corporate Dividend Tax
This query is : Resolved
19 May 2011
If CDT is to be provided on proposed dividend for year ending 31st March 2011, then what would be the CDT rate, whether 16.2225% or 16.60875% and why.
19 May 2011
It should be @16.2225% as tax becomes payable on earliest of Following :_
a) date of declaration,or
b) date of distribution,or
c) date of payment
as proposed dividend is just provision and would be available for payment to shareholder from the date declaration by company in AGM which definatly would fall in the FY 2011-12 thus rate should be 16.2225%
a) date of declaration,or
b) date of distribution,or
c) date of payment
as proposed dividend is just provision and would be available for payment to shareholder from the date declaration by company in AGM which definatly would fall in the FY 2011-12 thus rate should be 16.2225%
19 May 2011
Please provide references on the same.
19 May 2011
sub-section(3) of section-115O
19 May 2011
With references I mean any solved examples of any books or excerpts of the same
19 May 2011
Rates in force would be applicable on the time of declaration. So it would be 16.2225 only.
YOu can read any ready referencer for further clarity.
YOu can read any ready referencer for further clarity.
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