Dividend distribution tax

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Dear Experts,

A Private limited company going to distribute the dividend on its 15% preference shareholders for the F.Y 2017-18.  Is there any return to be filed for the payment of Dividend distribution tax payment.

Kindly clarify the accounting entry in its books of account.

 

Thanks

Replies (2)

entry is

profit and loss appropriation A/c     dr.

      to preference dividend a/c

      to dividend distribution Tax A/c

Thank You Sir.

 

Regards,

 

Moorthy


CCI Pro

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