Dividend Distribution Tax

can anybody tell me that if dividend distribution tax paid more than it would be refunded or carri forward?

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Hi All

One can not get set off of DDT against TDS its 100% sure.

DDT Set off .....>>>

W.e.f. 1-4-2008 where the domestic company has received any dividend from its subsidiary company (where its share holding is more than 50% of its nominal capital), and that such subsidiary has paid dividend distribution tax on dividend declared by it then the amount of such dividend shall be reduced from the amount of dividend liable to tax, provided the domestic company itself is not a subsidiary of any other compan.

I think this will clear ur Doubt.

Thanks