Krishna Prasad (Partner) (260 Points)
01 September 2009X company having 70% shares in Y company. Y declares dividend to its share holders after paying the dividend distribution tax. After receiveing the dividend X company declares dividend to its shareholders .
whether X is required to pay dividend distribution tax on the amount of dividend received from Y company?
What will be the answer if X company holds 10% shares in Y company?
Avika, ACS
(HR Legal and Management Consultant)
(172 Points)
Replied 02 September 2009
In my opinion, both the Companies are liable to pay dividend distribution tax when they declare to pay dividend to their shareholders.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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