TMI BlogRATES OF OTHER TAXESX X X X Extracts X X X X X X X X Extracts X X X X ..... On the amount of book profit 20 per cent. B.—Tax on distributed profits of a domestic company 2. The tax referred to in sub-section (2) of section 109 shall be calculated at the rate specified hereunder:— Rate of tax On the amount of dividend declared, distributed or paid by a domestic company 15 per cent. C.—Tax on distributed income 3. The t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... where the net wealth as on the valuation date does not exceed one crore rupees NIL (2) where the net wealth, as on the valuation date exceeds rupees one crore 1 per cent. of the amount by which the net wealth exceeds one corore rupees - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X
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