Hello Members,
Any idea what is the divident distribution tax(DDT) rate for floating rate funds(mutual fund) ?
Thanks
josh
Rishi Vyas
(Internal Auditor)
(189 Points)
Replied 12 August 2008
Dear
Dividend Distribution Tax is a tax which the Company has to pay which declares dividend on its shares/units
The rate of DDT is 16.995% ( IT=15%, Surcharge=10%, Edu. cess=3%)
It is for Domestic Companies.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
