Dividend

Dear Sir,

I have following questions:-

1. Can a Pvt Ltd company declare Dividend to its share holder?

2. Will dividend shall be counted as profit of company for Income tax purpose?

3. Dividend can be paid from Profit before tax or Profit after Tax?

4. What are the taxes applicable & there rate (Dividend Distribution Tax etc.)?

5. Is there any limit / % of profit can be distributed as dividend?

Thanks in advance for your help.

regards,

Vaibhav