Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Tax on distributed profits: corporate-level dividend tax applies and must be remitted by the company within prescribed timeframes. An additional corporate tax is imposed on dividends declared, distributed or paid by domestic companies, payable irrespective of income-tax liability; the ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Tax on distributed profits: corporate-level dividend tax applies and must be remitted by the company within prescribed timeframes.
An additional corporate tax is imposed on dividends declared, distributed or paid by domestic companies, payable irrespective of income-tax liability; the company and its principal officer must remit the tax within fourteen days of declaration, distribution or payment. The taxable amount is reduced by specified dividends received and other limited reductions, grossed up to determine liability (subject to certain exceptions), and the tax so paid is treated as the final tax with no further deductions or credits allowed. Specific exemptions apply for SEZ developers, business-trust-acquired companies, and IFSC units under prescribed conditions.
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