excess payment of DDT
This query is : Resolved
12 November 2010
How can a company claim refund of excess dividend distribution tax paid? Whether it can be adjusted against income tax liailiity of the same year or against DDT liability for next year? Kindly quote the relevant section, rule, circular, notification, case law,etc.
12 November 2010
115 O(4) - prohibits refund.
115 O(5) read along with 115 O(4) - prohibits adjustment against IT liability / DDT of next year.
115 O(5) read along with 115 O(4) - prohibits adjustment against IT liability / DDT of next year.
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