19 January 2010
There r 10 domestic co.'s they hve shareholding of each other suppose co. 1 distributes dividend of RS 1000000 and pays CDT on it.. and it also receives dividend from other rest 9 co.'s of RS 900000.....
On what amt co. 1 is liable to pay tax?? and plz give relevant provisions...
20 January 2010
On Rs.1000000 the Co. should pay dividend distribution tax. Dividend received would be exempt income if the other co have paid DDT on that
CAclubindia
