SINCE THE PROFIT WHICH IS DISTRIBUTED AS DIVIDEND IS A PROFIT WHICH ALREADY HAS SUFFURED CORPORATE TAX @33.66%. SO THE CONTENTION OF THE I-T DEPARTMENT THAT THERE IS A EVASION OF TAX BY DECREASING THE SALARY AND OTHER PERKS OF THE SHAREHOLDERS, WHO ARE ALSO THE DIRECTOR OF THE COMPANY, AND PAYING HIGHER DIVIDEND IS NOT TENABLE. IN FACT TAXING THE DIVIDEND ITSELF AMOUNTS TO DOUBLE TAXATION AND SHOULD BE ABOLISHED.
