Refund of ddt - return filed online

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CA Moez

AM - Taxation

27 Points Posted on 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.

Replies (3)

Karan Malhotra

Auditor

52 Points Posted on 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

27 Points Posted on 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.