While making payment of Dividend Distribution tax(DDT) for the dividend of F.Y.2010-11, Through oversight our company has made more payment of Rs.45000/-
28 February 2012
Section 115O(4) prohibits to claim refund. However, an application may be made to CBDT u/s 119 explaining in detail the reasons leading to excess payment and also pointing out that there is no express provision in the law for grant of refund of such payment and hence seek a direction for refund.