Abolition of Dividend Distribution Tax will benefit taxpayers, says Centre
It is to be noted that under the corporate system of taxation, a corporate entity is considered a separate legal entity and is taxed in respect of its income. The shareholders are also taxed on dividend income received by them and this tax is called Dividend Distribution Tax (DDT).
Feb 02, 2020, 17:51 PM IST
Budget proposes to remove DDT, it will lead to estimated annual revenue forgone of Rs 25,000 crore
While presenting the Union Budget 2020-21 in Parliament on Saturday, the Union Finance Minister, Nirmala Sitharaman said, “The dividend shall be taxed only in the hands of the recipients at their applicable rates.”
Feb 01, 2020, 19:26 PM IST
Can dividend distribution tax affect your mutual fund earnings? Know
Dividends received from all mutual funds are tax-free in the hands of the investors.
Feb 12, 2018, 08:23 AM IST
Govt may abolish dividend distribution tax in Budget: EY
DDT has become burdensome for corporates due to various factors such as high rate, litigation on disallowance and hence the return on capital employed has significantly diminished.
Jan 15, 2018, 18:00 PM IST
I-T dept collects Rs 6.96 lakh cr revenue during 2014-15
The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.
May 03, 2015, 15:59 PM IST
Commerce Ministry to take steps to improve ease of doing biz for SEZs
As the removal of MAT and DDT is unlikely, the Commerce Ministry has initiated the exercise to facilitate ease of doing business for special economic zones (SEZs) to revive the interest of investors.
Mar 31, 2015, 14:29 PM IST
Commerce Ministry seeks withdrawal of MAT, DDT on SEZ in Budget
The Commerce Ministry has sought a re-look at the taxation regime for the special economic zones (SEZs) in the forthcoming Budget to boost exports and investments.
Feb 13, 2015, 15:24 PM IST
Foreign firms likely to be allowed to claim deduction on DDT
Some announcement in this regard is likely to be made by Finance Minister Arun Jaitley in his Budget on February 28, sources said.
Feb 10, 2015, 17:17 PM IST
Manufacturing units in SEZs may get tax sops
Export promotion body for special economic zones has asked the Finance Ministry to roll back or reduce the minimum alternate tax (MAT) and dividend distribution tax (DDT) on SEZs.
Sep 07, 2014, 15:33 PM IST
