Urgent - Dividend Distribution

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Our company is IndiaItaly ltd., an indo italian 50:50 jv.

Q is -  if such JV (indiaitaly Ltd.) distributes dividend paying (CDT thereon) to india Ltd. and Italy Ltd.

and thereafter india ltd. distributes same dividend (received from indiaitaly ltd.) to its individual

shareholders  then such dividend again chargeable to CDT or not ????.

 

Replies (1)

Hi Gaurav

The workings are: 

 CDT payable on dividend declared bt India Ltd   -- xx

Less: CDT on dividend received by India ltd --         xx

                                                                                   -------------

 CDT payable by India ltd                                             xx

 

Regards

Sahana murthy


CCI Pro

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