Rahul (Chartered Accountnat CS) (1580 Points)
30 December 2013Y ltd in which 80% shares are held by G ltd. Y ltd declared a dividend amounting to rs 30 lacs to the shareholders for the financial year 2011-12 in its annual general meeting held on 18th may 2012. Dividend distribuion tax was paid by Y LTD on 20th May 2012. G ltd declared an interim dividend amounting to Rs 40 lacs on 1st december 2012 for the year ended 31st march 2013
Compute the amount of tax on dividend payble by G ltd.
What if 52% shares of Gltd are held by S ltd, an Indian company???
Jeetendra Goyal
(Student CA Final )
(175 Points)
Replied 31 December 2013
cdt to be paid by G Ltd will be on amount of Rs 16 Lacs ...
Rahul
(Chartered Accountnat CS)
(1580 Points)
Replied 31 December 2013
What if 52% shares of Gltd are held by S ltd, an Indian company???
Jeetendra Goyal
(Student CA Final )
(175 Points)
Replied 31 December 2013
if S Ltd will declear dividend then it will pay cdt on amount after deducting div received from G Ltd
Jeetendra Goyal
(Student CA Final )
(175 Points)
Replied 31 December 2013
if S Ltd will declear dividend then it will pay cdt on amount after deducting div received from G Ltd
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