Hi friends
can any one tell me about company tax and why it is paid.
Regards
2 Replies
CS Mukesh Arora
(Service)
(85 Points)
Replied 29 December 2008
The Term in not Company Tax but the Corporate Tax.
The Corporate Tax refers to Direct Taxes in the form of Income Tax and Dividend Distribution Tax paid the Companies.
Plz. suggest, if needs any amendment.
CS Mukesh Arora
Arul Ganesh
(Company Secretary)
(98 Points)
Replied 29 December 2008
Corporate tax is payable by a company on income earned by it during the financial year.The income and the tax amount is to be calculated as per the income tax act. This is similar to an individual paying tax on thier income. "Dividend tax is another concent, that is to say, it is not taxable on the hands of the receiver whereas the company paying dividend has to pay tax.
Recent Topics
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
Related Threads
CAclubindia
