Valerian Dsouza (Manager Audit & Taxation) (413 Points)
06 November 2009May I know Rate of Dividend Distribution Tax payable by Resident Indian Company on Dividend Declared on 15th October, 2009 Please ?
viz.
a. Whether 15% plus surcharge & Education cess or
b. 15% plus education cess or
c. 15% only
Please advice
Thanks & Regards,
Valerian D'Souza
Manager Accounts
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 06 November 2009
It is 15 % tax + surcharge + cess
CA Gaurav Jain
(Charterted Accountant)
(156 Points)
Replied 06 November 2009
15 % tax + surcharge + cess
Bala Subramanyam
(Junior Account)
(26 Points)
Replied 09 December 2009
please tell me what is the Rate of Dividend Tax and Surcharge thereon and
kindly clarify that is there any Education Cell and Higher Education Cess on that
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 09 December 2009
Dear Bala Subramanyam,
Dividend distribution tax is levied on the company at the time of paying interim dividend or final dividend.The tax rate is 15% on the amount of dividend distributed.10% surcharge on the tax and 3% education cess (i.e 2% primary education cess and 1% secondary and higher educaiton cess) on tax + surcharge.The effective rate of tax turns out to be 16.995%.
Ansari
(ca final)
(444 Points)
Replied 09 December 2009
| Originally posted by :FATEMA | ||
| " | Dear Bala Subramanyam, Dividend distribution tax is levied on the company at the time of paying interim dividend or final dividend.The tax rate is 15% on the amount of dividend distributed.10% surcharge on the tax and 3% education cess (i.e 2% primary education cess and 1% secondary and higher educaiton cess) on tax + surcharge.The effective rate of tax turns out to be 16.995%. |
" |
I agree with Fatema.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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