Disallowance of DDT
This query is : Resolved
20 May 2011
if DDT is not paid within 14 days of declaration, whether the dividend and DDT on the same is allowed or not ? under IT Act
20 May 2011
In the hands of the company both dividend and DDT are not allowable expeses. Hence, allowability of Dividend and DDT is not applicable.
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Aditya Maheshwari
(Expert)
20 May 2011
IF DDT paid late then only interest payable on delay in payment and no other consequence as dividend paid is not an allowable expenses.
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