Clarification - Assessment year

[Bhuvnesh Sharma]

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

AI Summary

Use Assessment Year 2009-10 for DDT in Challan No. 280; Correct Errors by Informing Assessing Officer A query was raised regarding the appropriate assessment year to be mentioned in Challan No. 280 for Dividend Distribution Tax (DDT) related to a dividend provision made in the balance sheet for the year ending 31-03-2008, with the AGM held on 30-09-2008. The advice provided was to use the assessment year 2009-10, as the dividend distribution occurred in the fiscal year 2008-09. If an incorrect assessment year, such as 2008-09, was mentioned, it was suggested to inform the Assessing Officer with relevant details to correct the record.