Ddt

This query is : Open

SATYENDRA KR. GUPTA (Querist)
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11 April 2015 Dear Professional Colleague,

Company deposit Dividend distribution tax through chellan No.281 is it correct?.
And if not kindly advise the remedies for the same.

Thanks

CA. SHIVA SHANKARA R. SHETTY

CA. SHIVA SHANKARA R. SHETTY (Expert)
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11 April 2015 Challan 281 is only for TDS. You should pay DDT by challan 280 and selecting the code 106

SATYENDRA KR. GUPTA

SATYENDRA KR. GUPTA (Querist)
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11 April 2015 Dear Professional Colleague,

Company has already deposit Dividend distribution tax through chellan No.281.

What is the remedies for the above mistake ? how can rectify this mistake?.

Thanks

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CA. SHIVA SHANKARA R. SHETTY

CA. SHIVA SHANKARA R. SHETTY (Expert)
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12 April 2015 The dept provided an option in tds portal i.e, 'request for refund' but,now it disabled due technical reasons.

Now, as per my opinion, the company should claim its as 'excess tds' and set against its tda liability or claim refund in its return.

SATYENDRA KR. GUPTA

SATYENDRA KR. GUPTA (Querist)
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04 July 2015 Dear Sir,

due to this mistake department raised the demand of tax liability through intimation u/s 143 of ITRS with the same amount of DDT .

Kindly help.

Thanks
Satyendra