TaxTMI 
TaxTMI 
My company has paid Dividend for Financial Year 2019-2020 on 09/03/2020, what would be Assessement year to be mentioned on challan for Tax on Dividend.
My company want to pay Tax on Dividend.
ASSESSESSMENT YEAR ON CHALLAN FOR TAX ON DIVIDEND
Ashesh Trivedi
Assessment year for dividend tax is the year immediately following the financial year for which dividend is paid. For a dividend paid during the financial year 2019-2020 on 09/03/2020, the appropriate Assessment Year to be entered on the challan for Tax on Dividend is the succeeding assessment year 2020-21, because tax on dividend paid in a given financial year is attributed to the assessment year immediately following that financial year. (AI Summary)
