The tax on Dividend Distributed (DDT) by the company is to be paid u/s 115-O within 14 days from the date of
(a)declaration of any dievidend; or
(b)distribution of any dividend; or
(c)payment of any dividend. which ever is earlier.

Normally the dividend for the year ending March is declared only in the AGM which will take place in the subsequent financial year.

For eg. the books of accounts are closed for the year ending 31.3.2011. The dividend would be declared in the AGM say conducted in June 2011.

Now the question is What is the AY which the DDT has to be paid?

Is it AY 2012-13 since the trigerring point for the DDT would the financial year in which the dividend is declared which in the instant case is FY 2011-12.

or is it AY 2011-12 as the dividend relates to the closure of books and declared out of accumulated profits for the year ending 2011.

The details of DDT has also be filed in the ITR and if the wrong AY is being incorporated it triggers the demand while 143(1) is being generated.

Dear Sir,

i am trading through stock market and investor in Equity and Future and option,
which ITR form could i submit for my Assessment year 2011-12

please suggest me.

reg

samba

a govt compnay is acting as implementing agency 4 govt in an infrastructure proj of govt.the co: has acquired land,constructed buildins nd other ativities in proj area.howevr it has kept the accounts of infrastructure project seperately and its unaudited for past 15 yrs.
nw it has sold tis proj land to a joint venture co: under a g.o.tis govt co: has 26% shareholding in joint venture co as per tis g.o.the lease premium is adjusted against tis shares and tds dedcuted wit govt co: PAN.
the lease premium cums 2 6.5 crores.nw govt co: dus not want 2 show tis incum in books due to tax prob.suggest a solution since shares r issued in the name of tis govt co:both the investment and incum needs to be off-financial statements

Sir/mam,
plz tell me about provisions related to interest on FDs and RDs. What is the provision in direct tax code for maturity amount of short term and long term FDs and RDs......

company have not deducted tds on nbfc in last 2 year. now i want to deduct and give effect in a/c as well as taxation. what is the remedy/

My client give the donation of RS. 1,00,000.00 for religion purpose(not for renovation and repair). whether full amount is eligible for exemption u/s 80-G.

Sir,
One Individual has transferred one agricultural land into Non agricultural land for Industrial purpose and divided into 11 plots and then some of plots sold to others.

can individual get benefit by purchasing another agricultural land because above land is converted for Industrial purpose plots ?

if above land is within and not within the municipality limits what is tax consequances?

what can be tax planning of above.
and if we have to do above transaction now what can be tax planning.

Humble Thanks for solutions

Land is in wife name & husband construct house from loan.Whether husband is eligible for Income tax benefit on loan taken ?

DEAR SIR,

AGRICULTURE INCOME, EDUCATIONAL INSTITUTIONS INCOME & HOTEL INCOMEE ARE EXEMPT FROM TAX OR NOT?

If my client paid freight of rs less than 35000 in the year to a particular truck owner who do not hv PAN, is there any TDS liability arises on my client.. or if that truck owner hvg only one truck then what happen ?