Ddt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2015
Dear experts,
Plz tell me where divident distribution tax will be deposit,
Please clarify...
Plz tell me where divident distribution tax will be deposit,
Please clarify...
14 October 2015
Process to deposit “Dividend Distribution Tax (DDT)”
Do’s
i. Use challan type 280 for payment of dividend distribution tax.
ii. Quote the correct Permanent Account Number (PAN) and name & address on each challan used for depositing the tax. PAN is a unique 10-digit alphanumeric number allotted by ITD to all taxpayers.
iii. Use Separate challans to deposit taxes for each of the above-mentioned tax and indicate the relevant code (for example 100 for advance tax, 300 for self assessment tax).
Don’ts
i) Do not use incorrect type of challan.
ii) Do not make mistake in quoting PAN / TAN.
iii) Do not give PAN in place of TAN or vice versa.
iv) Each branch / division of an entity will have a separate TAN if it is filing separate TDS/TCS returns. However, there will be only one PAN for a legal entity.
v) Do not use a single challan to deposit tax deducted under various sections.
vi) Do not use a single challan to deposit tax deducted for corporate and non corporate deductees.
vii) Do not use same challan for depositing various types of tax like advance tax, self assessment tax etc.
viii) Do not make mistake in the F.Y. and A.Y. to be indicated in the challan.
ix) If you have multiple TANs for the same division filing TDS statements, do not use different TANs in different challans. Use one consistently and surrender the others.
x) Do not use the preprinted Challans you receive without verifying whether the TAN / PAN quoted in these challans belongs to you. You can verify the same from the allotment letter you have received from NSDL or from ITD website.
More info:
https://www.caclubindia.com/forum/dividend-distribution-tax-327386.asp
Do’s
i. Use challan type 280 for payment of dividend distribution tax.
ii. Quote the correct Permanent Account Number (PAN) and name & address on each challan used for depositing the tax. PAN is a unique 10-digit alphanumeric number allotted by ITD to all taxpayers.
iii. Use Separate challans to deposit taxes for each of the above-mentioned tax and indicate the relevant code (for example 100 for advance tax, 300 for self assessment tax).
Don’ts
i) Do not use incorrect type of challan.
ii) Do not make mistake in quoting PAN / TAN.
iii) Do not give PAN in place of TAN or vice versa.
iv) Each branch / division of an entity will have a separate TAN if it is filing separate TDS/TCS returns. However, there will be only one PAN for a legal entity.
v) Do not use a single challan to deposit tax deducted under various sections.
vi) Do not use a single challan to deposit tax deducted for corporate and non corporate deductees.
vii) Do not use same challan for depositing various types of tax like advance tax, self assessment tax etc.
viii) Do not make mistake in the F.Y. and A.Y. to be indicated in the challan.
ix) If you have multiple TANs for the same division filing TDS statements, do not use different TANs in different challans. Use one consistently and surrender the others.
x) Do not use the preprinted Challans you receive without verifying whether the TAN / PAN quoted in these challans belongs to you. You can verify the same from the allotment letter you have received from NSDL or from ITD website.
More info:
https://www.caclubindia.com/forum/dividend-distribution-tax-327386.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Banking Related Issue
- Difff in ais receipts and gst turnover
- ITR-Capital Gain
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
