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Dividend distribution tax

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Abhijit Patekar

Practice

58 Points Joined December 2011

Dividend Distribution Tax

Assessee - Pvt Ltd Co.

In the books of ended 31.03.15 we have provided final dividend & Dividend Distribution tax for F Y 2014-15. AGM Date was 25.09.2015. Dividend distribution was approved by shreholder & want to pay Dividend distribution tax ? at the time of payment of DDT which Assessment whould be mentioned as A Y 2015-16 or A Y 2016-17.?

Dividend distribution tax was pertains to F Y 2014-15 , but paid in F Y 2015-16.

Pl guide.

Replies (1)

Karthik.V.Kulkarni

Chartered Accountant

594 Points Joined December 2012

It should be paid within 14 days from date of declaraion or distibution or paymets which ever is earlier. You need to mention ay 2016 -2017 as it has been paid in fy 2015-16. It is based on datr on which dividend is declared.