Dividend distribution tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2012 Dear Members,
Whether Dividend declared is inclusive of DDT

Ex.Dividend declared is Rs.100000/-
What is the amount to pay DDT

It is @16.995% of Rs.16995.

OR Rs.14,526/-.
URgently

Guest

Guest (Expert)

15 September 2012 The DDT will be Rs. 16995/-

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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15 September 2012 DDT will be 16.2225% i.e
15% plus 5% surcharge plus 3% edu. cess i.e 16.2225.
i.e DDT comes to Rs. 16222.50.

In books of accounts, Dividend declared includes DDT

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Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2012 what is the payment to the shareholders it is Rs.100000 or Rs.83005

Guest

Guest (Expert)

15 September 2012 The payment to shareholders should be Rs. 100000/-
In books it is to be accounted as Dividend paid + DDT = Total Outflow

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2012 can u please provide the any reference for the said treatment whether it is sections or circulars

Guest

Guest (Expert)