Valerian Dsouza (Manager Audit & Taxation) (413 Points)
24 May 2011On 23- May-2011, board of directors of private limited company declared dividend for financial year 2010-11 and
on 24th may, 2011 the dividend is paid to the shareholders/directors.
when we pay dividend distribution tax which assessment year we should write ? 2011-12 or 2012-13 ?
In which year the Directors should consider dividend income ? in financial year 2010-11 or 2011-12 ?
Kindly advice; Thank you so much.
Valerian D'souza
Accounts Manager
Devendra
(Chartered Accountant)
(4775 Points)
Replied 24 May 2011
1) When you pay the Dividend Distribution Tax, write the A.Y of the year of which Dividend is declared. (ie. A.Y 11-12)
2) The Directors shall consider the income in A.Y 12-13.
Regards,
Devendra
Anand Binani
(AAA)
(24 Points)
Replied 26 May 2011
| Originally posted by : Valerian D'Souza | ||
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On 23- May-2011, board of directors of private limited company declared dividend for financial year 2010-11 and on 24th may, 2011 the dividend is paid to the shareholders/directors. when we pay dividend distribution tax which assessment year we should write ? 2011-12 or 2012-13 ? In which year the Directors should consider dividend income ? in financial year 2010-11 or 2011-12 ? Kindly advice; Thank you so much. Valerian D'souza Accounts Manager |
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Well Mr. Devendra Sorry to say but you are giving a wrong advice.
You are telling with your general knowledge only and not based on practical knowledge. Well Dividend when declared on 23rd May 2011 then when you pay dividend distribution tax you should write A.Y. 2012-13 as it is declared in F.Y. 2011-12 though it may be for the income of F.Y. 2010-11.
And this is in practice only..........
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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