Hi,
What JV to be passed for declaration of dividend of LY AT AGM in Sep and for ividend Distribution Tax. Is the Recipient of Dividend gets any benefit of this DDT Deposited by Company.
nEHA
Patricia (C.S.- Professional) (sdd) (197 Points)
27 November 2009Hi,
What JV to be passed for declaration of dividend of LY AT AGM in Sep and for ividend Distribution Tax. Is the Recipient of Dividend gets any benefit of this DDT Deposited by Company.
nEHA
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 27 November 2009
FIRST OF ALL,entry is
capital acount (dividend) dr.
DDT account dr.
to dividend payble account ,
to DDT payable account..
& when paid cr. to bank.
& receipent of dividend gets benefit of DDT - yes,
by exemption of dividend u/s 10(34) in hand of shareholder.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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