AY 2011-12
One of our Client has paid Dividend Distribution Tax taking surchage as 10% instead of correct 7.5%. Therefore, there is an excess payment of DDT of 2.5%. However, the return was filed online. There is no column for claiming refund of DDT in the return of income.
How to claim refund of excess DDT paid.
You can revise the return and claim the refund
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Schedule - DDT |
Details of payment of Dividend Distribution Tax |
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DIVIDEND DISTRIBUTION TAX |
1 |
Date of declaration of distribution or payment of any dividend profits of domestic companies |
1 |
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2 |
Rate of dividend, distributed or paid during the previous year |
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a |
Interim (rate %) |
2a |
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b |
Final(rate %) |
2b |
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| 3 |
Amount of any dividend declared, distributed or paid |
3 |
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| 4 |
Tax payable on dividend declared, distributive or paid |
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a |
Additional Income-tax payable under section 115-O |
4a |
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b |
Surcharge on 4a |
4b |
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c |
Education Cess on (4a + 4b) |
4c |
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d |
Total tax payable (4a + 4b + 4c) |
4d |
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| 5 |
Interest payable under section 115P |
5 |
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| 6 |
Additional income-tax + interest payable (4d + 5) |
6 |
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| 7 |
Tax and interest paid (Total of v Schedule DDTP) |
7 |
NIL |
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| 8 |
Net payable/ refundable (6-7) |
8 |
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I have already received intimation u/s 143(1). There it is clearly shown
DDT as per Return = 1,00,000
DDT as per Intimation = 80,000
However, in the next Schedule of Refund in the Intimation,
Refund of DDT = 'NA'
They always write 'NA' in the Refund of DDT Column in the Intimation / Rectification Order issued by CPC. I have rectification order issued by CPC but they have always written NA in the refund column
So how can I claim this excess refund of this ddt paid.
Is this query resolved?
I have the very same case .
CAclubindia
