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Question

On which of the following is the corporate dividend tax computed? 

A Net Profit Correct Answer Incorrect Answer
B Share capital Correct Answer Incorrect Answer
C Profit Before Tax Correct Answer Incorrect Answer
D Dividend Paid Correct Answer Incorrect Answer
E EBIT Correct Answer Incorrect Answer

Solution

In India, a company which has declared, distributed or paid any amount as a dividend, is required to pay a dividend distribution tax (DDT) at 15%. This is computed on the dividend declared/paid. It has been withdrawn w.e.f 1 April 2020.

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