Tax audit
This query is : Resolved
Megha Rautela
(Querist)
11 November 2011
In Clause 29 of Form 3CD, detail to be given of amount of profits distributed & tax paid thereon.
Disclosure is to be given about poposed dividend (F/Y 2010-11) & tax to be paid on that?
Or about proposed dividend & tax of previous year (F/Y 2009-10) which is paid in current year.
Please Clarify.
Thanx..
Disclosure is to be given about poposed dividend (F/Y 2010-11) & tax to be paid on that?
Or about proposed dividend & tax of previous year (F/Y 2009-10) which is paid in current year.
Please Clarify.
Thanx..
CA Navin Jain
(Expert)
11 November 2011
Disclosure is to be given about FY 2010-11
Megha Rautela
(Querist)
11 November 2011
Dear sir,
Thanx.
In my case AGM is held on 30/09/11. Accordingly Dividend & tax thereon will be paid after date of return filing.
As per ur clarification, in 3CD, i will give amt of proposed dividend for F/Y 2010-11 & tax on that.
What about date of payment. Do i need to give due date for tax payment or leave it blank?
Regards..
Thanx.
In my case AGM is held on 30/09/11. Accordingly Dividend & tax thereon will be paid after date of return filing.
As per ur clarification, in 3CD, i will give amt of proposed dividend for F/Y 2010-11 & tax on that.
What about date of payment. Do i need to give due date for tax payment or leave it blank?
Regards..
Megha Rautela
(Querist)
12 November 2011
Dear sir,
Thanx.
In my case AGM is held on 30/09/11. Accordingly Dividend & tax thereon will be paid after date of return filing.
As per ur clarification, in 3CD, i will give amt of proposed dividend for F/Y 2010-11 & tax on that.
What about date of payment. Do i need to give due date for tax payment or leave it blank?
Regards..
Thanx.
In my case AGM is held on 30/09/11. Accordingly Dividend & tax thereon will be paid after date of return filing.
As per ur clarification, in 3CD, i will give amt of proposed dividend for F/Y 2010-11 & tax on that.
What about date of payment. Do i need to give due date for tax payment or leave it blank?
Regards..
26 July 2025
Regarding **Clause 29 of Form 3CD** and disclosure of dividend and tax paid thereon:
* The disclosure in Clause 29 relates to the **dividend proposed for the financial year under audit (i.e., F.Y. 2010-11 in your case)** and the **tax payable on that dividend**.
* Even if the dividend and the corresponding tax are paid **after the date of filing the return**, you need to disclose the **amount of proposed dividend** and the **tax liability as per the provisions for that year**.
* Regarding the **date of payment of dividend tax** in Form 3CD:
* You may mention the **due date for payment of dividend tax** as per the Income Tax rules.
* If the payment is not made yet and due date is in future, you can mention the due date or leave it blank if uncertain, but generally, mentioning the due date is better for clarity.
---
### Summary:
| Point | Clarification |
| ---------------------------------- | ------------------------------------------------------------------------ |
| Which year's dividend to disclose? | Dividend proposed for the financial year under audit (F.Y. 2010-11) |
| Include tax on dividend? | Yes, disclose the tax payable on the proposed dividend. |
| Payment date in Form 3CD? | Mention due date for tax payment if known; otherwise, can be left blank. |
---
* The disclosure in Clause 29 relates to the **dividend proposed for the financial year under audit (i.e., F.Y. 2010-11 in your case)** and the **tax payable on that dividend**.
* Even if the dividend and the corresponding tax are paid **after the date of filing the return**, you need to disclose the **amount of proposed dividend** and the **tax liability as per the provisions for that year**.
* Regarding the **date of payment of dividend tax** in Form 3CD:
* You may mention the **due date for payment of dividend tax** as per the Income Tax rules.
* If the payment is not made yet and due date is in future, you can mention the due date or leave it blank if uncertain, but generally, mentioning the due date is better for clarity.
---
### Summary:
| Point | Clarification |
| ---------------------------------- | ------------------------------------------------------------------------ |
| Which year's dividend to disclose? | Dividend proposed for the financial year under audit (F.Y. 2010-11) |
| Include tax on dividend? | Yes, disclose the tax payable on the proposed dividend. |
| Payment date in Form 3CD? | Mention due date for tax payment if known; otherwise, can be left blank. |
---
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