TaxTMI 
TaxTMI 
TaxTMI 
A domestic company has paid dividend distribution tax of f.y.2006-07 but has been wrongly taken in the return as for a.y.2006-07.Since then the same mistake is continued and now a demand has been raised on the company.can u plz help me with the procedure to rectify this mistake??
Dividend distribution tax
Guest
Dividend distribution tax misclassification prompts procedural correction to reverse demand through statutory rectification avenues. Dividend distribution tax was incorrectly reported in the return as pertaining to the wrong assessment year, continued in subsequent filings, and has led to an assessment demand; the operative issue is the procedural mechanism for correcting the year attribution and seeking reversal or adjustment of the demand by using statutory rectification or revision procedures and addressing assessment consequences. (AI Summary)
