corporate divident tax

[krishan sharma]

dear sir

as per your earlier reply against corporate divident tax

i may consider corpoarte divident tax as part of shareholder divident

and indirectly paid to goverment as additional income tax (if i am wrong please clearify in simple language)

[CA Rachit Agarwal]

CDT is definitely additional income tax.

If dividend is 10% being Rs. 100 cr, then pay additional tax =100x15%*1.03.

CDT is payable by the company.

AI Summary

Corporate dividend tax: additional income tax payable by the company, calculated on declared dividends with applicable surcharge.
Corporate dividend tax is an additional income tax payable by the company on declared dividends; companies must calculate and remit the levy by applying the prescribed tax rate and any multiplicative adjustment to the dividend amount.