Dividend Distribution Tax (DDT) rate for two assessment years is –
A.Y. 2010-11 A.Y. 2011-12
Basic Rate 15 15
Surcharge 10* 7.5*
Total Cess 3 3
If Annual General Meeting is held on let say 20th Sep., 2010 and declared dividend of let say 5 Cr.
According to me it should be 15% + 7.5% + 3% but do any body have any precedent or supporting case law.