Dividend Distrubution Tax

[DHARMENDRA KASLE]

Dear Experts

We have made excess amount of DDT ( Dividend Distribution Tax ) in FY 2010-11, Can we adjust this excess amount in next DDT payment in FY 2011-12 i.e. upto 31.03.2012

[Vivek Harsh]

 

CDT is non adjustable.

[DHARMENDRA KASLE]

Thanks for reply

AI Summary

Excess Dividend Distribution Tax from 2010-11 Cannot Be Adjusted Against 2011-12 Payments, Per Tax Regulations. A query was raised regarding the possibility of adjusting an excess Dividend Distribution Tax (DDT) payment made in the fiscal year 2010-11 against the DDT payment due in the fiscal year 2011-12. An expert responded that the Corporate Dividend Tax (CDT) is non-adjustable, indicating that such adjustments are not permissible under the tax regulations. The original inquirer acknowledged the response.