Dividend distribution tax
This query is : Open
10 August 2011
Respected Sir/Madam,
I am preparing a balance sheet as on 31/03/2011. I want to declare dividend at AGM which will be held at 20/08/2011.
1. For Provision of Dividend Distribution Tax, which A.Y. i should consider for tax rate? and Why ?
2. which A.Y. should be quoted on IT Challan?
I am preparing a balance sheet as on 31/03/2011. I want to declare dividend at AGM which will be held at 20/08/2011.
1. For Provision of Dividend Distribution Tax, which A.Y. i should consider for tax rate? and Why ?
2. which A.Y. should be quoted on IT Challan?
10 August 2011
It is A. Y 2011-12 as you are declaring dividend on the income as at 31.3.2011.
11 August 2011
No Sir,
I think it should be A.Y. 2012-13 because on 31st march,2011 ,it is proposed dividend and not declared. so the Tax will be applicable as per finance act,2011.
I think it should be A.Y. 2012-13 because on 31st march,2011 ,it is proposed dividend and not declared. so the Tax will be applicable as per finance act,2011.
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