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Refund of ddt - return filed online

CA Moez (AM - Taxation) (63 Points)

09 April 2012

AY 2011-12

One of our Client has paid Dividend Distribution Tax taking surchage as 10% instead of correct 7.5%. Therefore, there is an excess payment of DDT of 2.5%. However, the return was filed online. There is no column for claiming refund of DDT in the return of income.

How to claim refund of excess DDT paid.

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3 Replies

Karan Malhotra (Auditor) (66 Points)
Replied 09 April 2012

You can revise the return and claim the refund

Schedule - DDT				Details of payment of Dividend Distribution Tax
DIVIDEND DISTRIBUTION TAX	1	Date of declaration of distribution or payment of any dividend profits of domestic companies				1
	2	Rate of dividend, distributed or paid during the previous year
		a	Interim (rate %)		2a
		b	Final(rate %)		2b
	3	Amount of any dividend declared, distributed or paid				3
	4	Tax payable on dividend declared, distributive or paid
		a	Additional Income-tax payable under section 115-O		4a
		b	Surcharge on 4a		4b
		c	Education Cess on (4a + 4b)		4c
		d	Total tax payable (4a + 4b + 4c)			4d
	5	Interest payable under section 115P				5
	6	Additional income-tax + interest payable (4d + 5)				6
	7	Tax and interest paid (Total of v Schedule DDTP)				7	NIL
	8	Net payable/ refundable (6-7)				8

CA Moez (AM - Taxation) (63 Points)
Replied 13 April 2012

I have already received intimation u/s 143(1). There it is clearly shown

DDT as per Return = 1,00,000

DDT as per Intimation = 80,000

However, in the next Schedule of Refund in the Intimation,

Refund of DDT = 'NA'

They always write 'NA' in the Refund of DDT Column in the Intimation / Rectification Order issued by CPC. I have rectification order issued by CPC but they have always written NA in the refund column

So how can I claim this excess refund of this ddt paid.