Divident distribution tax

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Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2012 Dear all,

The X ltd. has declared an interim dividend for FY 2011-12 and paid DDT at the rate as applicable for FY 2010-11 i.e. @ 15% + 7.5% + 3% but the rate applicable for DDT in FY 2011-12 has changed to 15% + 5% + 3%.

Now the question is can X ltd. can claim the higher tax paid.

Thanks & Regards,
Akhil

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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15 January 2012 Section 115-O(4)
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DDT is a final payment to the Govt. and no adjustment is possible and no refund can be claimed.

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2012 Mr. Bafna

It is written in act but as it was an error, can't we write a letter to the authority requesting same to be consider.

Akhil

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