Divident distribution tax
Querist : Anonymous
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
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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
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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