INTEREST ON DDT TAX

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DARSHAN (Querist)
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16 March 2009 IF COMPANY HAS DECLARED A DIVIDEND IN THE GENERAL MEETING WHICH WAS HELD IN 29 TH SEP-08 FOR THE P.Y 2007-08.SO UPTO ON WHICH DATE HE DEPOSITED TAX TO GOVERNMENT AND ALSO WHAT IS INTEREST RATE ON THAT

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 March 2009 Time of payment of DDT is within 14 days from the date of declaration or distribution or payment of dividend whichever falls earlier.
Delayed remittance will attract 1% interest for every month or part thereof for the period commencing from the date immediately after the specified date on which such tax was payable upto the date of actual payment.

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