Clarification in ddt payment challan?

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Suraj Singh (Querist)

22 September 2014 Dear Sir,

ABC Co. declares dividend in the AGM held on 20th Sept, 2014, for the year ending 30th March, 2014.

Now Dividend Distribution Tax has to be deposited within 14 days from Declaration (i.e.,20th Sept).

Now my Question is regarding clarification of Assessment Year (A.Y.) to be filled in Challan 280.

Will the A.Y. Be

i) A.Y. 2014-15 (as the Dividend was declared out of the profit of F.Y. 2013-14).

But the problem arise here, is that, suppose we pay the DDT within 14 days (let say on 3rd Oct, 2014)and mentioned A.Y. 2014-15 in the Challan. Also the ITR-6 has be filed before due date (i.e,30th Sep), then how we can fill the DDT Challan details in ITR-6?

OR

II) A.Y. 2015-16 (as the Dividend and DDT was paid in FY 2014-15)

Please Clarify the above issue

Thanks in Advance

Nikhil Kaushik

Nikhil Kaushik (Expert)

22 September 2014 it will be AY 2015-16. the liability to pay dividend arise in FY 2015-16 only. You may refer to this discussion on the same subject https://groups.yahoo.com/neo/groups/ghaziabad_ca/conversations/topics/6318

Suraj Singh

Suraj Singh (Querist)

23 September 2014 Thanks for the Replying...

Can you also please advise me, in which ITR-6 (i.e, for A.Y.2014-15 OR for A.Y.2015-16), shall I fill the DIVIDEND AND DDT details???

Nikhil Kaushik

Nikhil Kaushik (Expert)

24 September 2014 Dear Suraj,

it should be in AY 2015-16.

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