Accountancy, asked by srimahes07, 6 months ago

Whant is effective rate of Dividend Distribution Tax in the hands of Indian Company if Dividend received by Indian company from Foreign company which is not a specified company?

Answers

Answered by lakshmanmaiti31

Answer:

Prior to the change, in accordance with the tax laws of India, Indian companies that distribute or declare dividends must pay a Dividend Distribution Tax (DDT) at 15% plus a surcharge of 12% and health and education cess (or levy) of 4%. As a result, the total effective rate of DDT is 20.56%.

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