KIRTI VERMA (ARTICLESHIP TRAINEE) (24 Points)
12 August 2013
What is the rate of DDT (dividend distribution tax) if my client declare dividend on FY 2012-13 income and it will pay in FY 2013-14, I mean this running year My doubt is... What rate I can consider DDT FY 2012-13 -16.2225% (including DDT 15%+Sur Chrg 5% +Cess3%) or FY 2013-14 - 16.995% ?? In FY 2013-14 Surcharge Hiked from 5 to 10 % for domestic co
Please reply to the query on urgent basis
Gaurav
(cs Final)
(57 Points)
Replied 12 August 2013
DDT shoud be paid @ 15% because Dividend is declared in 12-13
not sure.. plz confirm it
Somaas Kandan
(CA Final)
(385 Points)
Replied 12 August 2013
DDT should be paid at the rate of 16.225% for FY 12-13 which is the year it is declared.(Declared or paid whichever is earlier should be taken)
CAclubindia
