Wednesday, December 21, 2011

Do we need to consider surcharge while calculating Div Dist tax even if Taxable income is less than 1 crore?

As per new Finance bill 2008, there is no surcharge on the tax if the taxable income is less than Rs. 1 crore. In this scenario, do we need to consider surcharge while calculating Dividend Distribution tax even if Taxable income is less than 1 crore?

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