ASSESSESSMENT YEAR ON CHALLAN FOR TAX ON DIVIDEND

[Ashesh Trivedi]

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.

[DR.MARIAPPAN GOVINDARAJAN]

Assessment year would be 2020-21

AI Summary

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.