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.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- Minimum tax payable to file Updated return
- UDIN ISSUE
- Need Professional Opinion AY 2012-13 Old Demand
- Salary from Qatar in Dollars in India
- New GST registration for new place of business.
- TDS on purchase of under construction property from a reseller
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
Quick Links
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
