Dividend distribution tax has to be appropriated out of balance of profit and loss account or free reserves. DDT is not an expenditure. After the amendment by Finance Act 2020, DDT will not be applicable.

Suraj Lakhotia

Admin

26-Feb-20 17:44

Okay sir

Raviteja Kusumanchi

CA Inter

★ 13K+

26-Feb-20 17:59

For inter May 2020 what cess rate will be applicable 3% or 4% ?? Because in ICAI June edition module it is 3% .

Chandan Subudhi

CA Inter

★ 12K+

26-Feb-20 18:13

4%. For tax rates, you can refer to the updated income tax notes in Notes section of App.

Suraj Lakhotia

Admin

26-Feb-20 18:39