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Clarification - Dividend Tax Payment Assessment year
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....larification - Dividend Tax Payment Assessment year<br> Query (Issue) Started By: - Samit Banerjee Dated:- 31-7-2009 Last Reply Date:- 2-8-2009 Income Tax<br>Got 2 Replies<br>Income Tax<br>Dividend Ta....
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....x Payment Assessment year confusion:- Annual Dividend for a Pvt Ltd company will be declared in the AGM on 30.09.2009. for the financial year 2008-2009. Dividend tax has to be paid after that. Now in ....
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....the income tax challan what should be the assessment year ? should it be 2009-10 or should it be 2010-11. Dividend will be paid for the financial year 2008-2009 but declared in the financial year 2009....
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....-10. Reply By Rama Krishana: The Reply: Financial Year (Previous Year) is the year in which the happening of an even in which tax liability is arisen. Since the tax liability is arising during the p....
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....revious year 2009-10 (i.e. Assessment year 2010-2011), you should mention the assessment year accordingly as 2010-2011. Sub section 1A of section 115O is clear that it is related to happening of an ev....
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....ent. Moreover, accumulated profit can be used to distribute the dividend. It not necessary it must be related to immediate previous year's profit. Reply By Samit Banerjee: The Reply: Thank you Mr Ram....
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....akrishana. My confusion got cleared. Thanks a lot.<br> Discussion Forum - Knowledge Sharing ....