Hi members,
As per Section 115-O DDT is to be paid within 14 days from date od declaration/payment/distribution of dividend whichver is earlier.
A company has provided for preference dividend in its books on the CCPS, for past two FY s. It also provided for DDT on the preference dividend. But it has neither paid the dividend nor the DDT on same.
According to me, the DDT should be paid eventhough the dividend is not paid-as per the provisions in Sec 115-O.
They are taking a stand that they made provision in books as it is accrued, but not declared yet.
Please give your views on this...
With Best Regards,
Priya
CAclubindia
