current dividend tax rate u/s 115o & current surcharges for the financial year 2010 - 11
sandeep jain (ACCOUNTANT) (27 Points)
01 July 2010current dividend tax rate u/s 115o & current surcharges for the financial year 2010 - 11
Somnath Masgi
(JOB)
(39 Points)
Replied 01 July 2010
Dividend is taxable in India u/s 115o of Income Tax Act, 1961. Effective rate of dividend distribution tax from 1st April, 2007 is 16.995%(15% basic rate+10% surcharge+3% education cess)
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
