Dividend distribution tax

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Querist : Anonymous (Querist)
11 September 2014 A co. proposes 15% dividend in f.y. 2013-14 and make provision for the same in its balance sheet as on 31.03.14. AGM of the company is on 30.09.2014. which rate is applicable for dividend distribution tax 16.995% or 19.995%. Please suggest

11 September 2014 If paid before 1st October, 2014 its 16.995%, From 1st October 2014 effective rate of DDT is 19.994% on amount of distributed dividend.



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