Adjusting advnace tax against ddt

Tax queries 613 views 2 replies

Can a company may use advance tax paid in excess towards adjustment of Divident Distribution Tax?

If Yes, How?

Replies (2)
DDT to be payable at the time of paying Income tax due u/s.140A. so if advance tax paid is in excess of Income tax liability computed by you apart form DDT, then you can adjust such excess amount against DDT.

How can the same be used? ITR 6 nowhere provides for adjustment.

 


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