Are dividend distribution tax and TDS (Tax deductible at Source) a sort of 'indirect income tax'
Please explain this in detail
Are they direct or indirect tax
And are they paid by the company on behalf of the shareholder/debenture holder as income tax on THEIR income???
Dear Student,
TDS and DDT comes under category of Direct tax.
These taxes are deducted by corporate and they come under corporation tax. These are parts of compliance of Income tax under which corporate are obliged to deduct tax while making payments.
Regards
TDS and DDT comes under category of Direct tax.
These taxes are deducted by corporate and they come under corporation tax. These are parts of compliance of Income tax under which corporate are obliged to deduct tax while making payments.
Regards