A limited company declared ₹20 lakh as dividend on its paid-up capital of ₹100 lakh. The dividend distribution tax payable by it would be

CS Executive · Tax Laws and Practice · PYQS · December 2015
A limited company declared ₹20 lakh as dividend on its paid-up capital of ₹100 lakh. The dividend distribution tax payable by it would be
(A) ₹3 lakh
(B) ₹3.33 lakh
(C) ₹4.09 lakh
(D) ₹6.18 lakh.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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