Which funds can be utilised for payment of dividends?
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distribution
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my company wants to declare interim dividend during end of this may .
1st of all i should consider this an interim dividend for FY 2019-20,
2nd shall there be DDT applicable on the same ?! as it is being declared now that "W.e.f., Assessment Year 2021-22, the domestic company isn’t required to pay dividend distribution tax on any amount declared, distributed or paid by such company by way of dividend."
does this mean that interim dividend declared for FY 2019-20 in may 2020 should not be treated as dividend for FY 2019-20 but instead dividend declared and paid in FY 2020-21 and DDT becomes not applicable. and should i take this dividend up in AGM for FY 2019-20 or FY 2020-21 as final dividend..
dividend
interim
distribution
