We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Dividend distribution tax requires domestic companies or principal officers to remit tax on declared dividends with no credit. Clause 109 requires domestic companies to pay dividend distribution tax on any dividend declared, distributed or paid to shareholders at the rate specified in the Second Schedule, allowing reduction only for dividends received from subsidiaries that have already paid tax. The company or the principal officer must remit the tax within fourteen days of declaration, distribution or payment, the tax is final with no deduction or credit allowed, failure to pay results in assessment as an assessee in default and attracts interest for delayed payment. The provision applies even where no income-tax is payable on the company's total income.
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.
Provisions expressly mentioned in the judgment/order text.
<h1>Dividend distribution tax requires domestic companies or principal officers to remit tax on declared dividends with no credit.</h1> Clause 109 requires domestic companies to pay dividend distribution tax on any dividend declared, distributed or paid to shareholders at the rate specified in the Second Schedule, allowing reduction only for dividends received from subsidiaries that have already paid tax. The company or the principal officer must remit the tax within fourteen days of declaration, distribution or payment, the tax is final with no deduction or credit allowed, failure to pay results in assessment as an assessee in default and attracts interest for delayed payment. The provision applies even where no income-tax is payable on the company's total income.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
