Clarification - Assessment year, Income Tax

[Bhuvnesh]

Dividend Distribution Tax Challan- A/Year? Dear Sir, Dividend provision made in balance sheet for the year ending 31-03-2008, AGM held on 30-09-08, Now which assessment year should be shown in Challan no. 280, will it be A/Y 2008-09 as the dividend pertained to A/Y 2008-09 or will it be A/Y 2009-10. Best Regads

Posts / Replies

[DEV KUMAR KOTHARI]

Dividend is distributed during FY 2008-09, liability to desposit DDTax arise in FY 2008-09, therefore, A.Y. should be mentioned as 2009-10.

[Bhuvnesh]

What if I have mentioned A/Y wrongly as A/Y 2008-09. Will it be treated as technical lapse? How to correct the situation. Best Regards

[DKKOTHARI]

Just write to the A.O. giving details of dividend declared, due date, date and details of payment and request him to take care of tax paid and its accounting at his end.