Disallowance of DDT

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Sathish.R (Querist)
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20 May 2011 if DDT is not paid within 14 days of declaration, whether the dividend and DDT on the same is allowed or not ? under IT Act

prasad (Expert)
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20 May 2011 In the hands of the company both dividend and DDT are not allowable expeses. Hence, allowability of Dividend and DDT is not applicable.

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Aditya Maheshwari (Expert)
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20 May 2011 IF DDT paid late then only interest payable on delay in payment and no other consequence as dividend paid is not an allowable expenses.

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Sathish.R (Querist)
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21 May 2011 thanks a lot sir.......

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