https://www.taxtmi.com/forum/issue?id=1396 Tax liability for a dividend arises in the year in which the dividend is declared or paid, so the assessment year to be entered for dividend tax corresponds to the assessment year following the year of declaration/payment. The provision links liability to the declaration/payment event rather than to the specific financial year of the underlying profits, and accumulated profits may be used without affecting the year of liability. en-us Fri, 31 Jul 2009 19:34:39 +0530 Thu, 23 Jan 2025 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1396 Tax liability for a dividend arises in the year in which the dividend is declared or paid, so the assessment year to be entered for dividend tax corresponds to the assessment year following the year of declaration/payment. The provision links liability to the declaration/payment event rather than to the specific financial year of the underlying profits, and accumulated profits may be used without affecting the year of liability. Discussion-Forum Income Tax Fri, 31 Jul 2009 19:34:39 +0530 https://www.taxtmi.com/forum/issue?id=1396