BDO CA Articleship Interview Questions and Answers

Short term capital gains on equity shares are taxable.

• Short term capital gains on equity shares are taxed at a rate of 15%.

• Short term capital gains are gains made on the sale of equity shares held for less than 1 year.

• The gains are added to the individual's total income and taxed accordingly.

• However, if the individual has incurred short term capital losses, they can be set off against the gains.

• If the losses exceed the...read more

The new tax regime under Budget is an optional tax system with lower tax rates but without exemptions and deductions.

• The new tax regime was introduced in the Budget 2020.

• It offers lower tax rates but without exemptions and deductions.

• Taxpayers can choose between the old and new tax regimes every year.

• The new tax regime is beneficial for taxpayers who do not claim many deductions and exemptions.

• The old tax regime is ben...read more

DDT rate is arrived at by applying a flat rate of 15% on the dividend declared by the company.

• DDT stands for Dividend Distribution Tax

• It is a tax levied on the dividend paid by a company to its shareholders

• The rate of DDT is fixed at 15% by the government

• The DDT is deducted by the company before distributing the dividend to its shareholders

• The DDT is paid by the company and not by the shareholders