Dividend Tax

This query is : Resolved 

09 December 2008 SEZ unit is Pvt.Ltd. company engaged in the business of exports of goods. Unit Wants to declare dividend to promotors.

Is SEZ unit exempt from paying Dividend Distribution Tax under section 115-O of the Income tax Act,1961

09 December 2008 1

11 December 2008
1. No. An enterprise or undertaking is engaged in developing or developing and operating or developing, operating and maintenance of an SEZ is exempt from payment of DDT u/s. 115-O. The exemption is not available to a SEZ unit




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