Dividene distribution ta x

This query is : Resolved

Dilip Senapati (Querist)
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15 June 2009 May anyone tell me "What is the time limit for payment of DDt in case the dividend is proposed to be declared in the AGM ?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 June 2009 The principal officer of the domestic company and the company shall be liable to pay the tax on distributed profits to the credit of the Central Government within fourteen days from the date of—

(a) declaration of any dividend; or

(b) distribution of any dividend; or

(c) payment of any dividend,

whichever is earliest.

Dilip Senapati

Dilip Senapati (Querist)
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15 June 2009 thanks aditya for this explanation

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