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
Budget 2020 may do away with capital gains on selling of property
If the property is sold within 24 months, one has to pay a short-term capital gains tax (STCG) on the gains as per an individual`s income-tax slab.
Jan 27, 2020, 11:16 AM IST
Paid all applicable taxes, I-T dept's position without merit: Cognizant
The tech giant's comments follow ITD's freezing its certain bank accounts in the country over a dispute on payment of dividend distribution tax (DDT) running into hundreds of crores.
Mar 28, 2018, 14:32 PM IST
IT department freezes certain Cognizant bank a/cs for non-payment of Rs 2,500 crore
The U.S.-listed IT services has significant operations in India where the majority of its 260,000 employees reside.
Mar 28, 2018, 08:17 AM 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
Govt mulls scrapping dividend tax: Report
The government is considering scrapping a dividend distribution tax in its annual budget this month, as part of efforts to boost investor sentiment, a Television channel reported on Thursday, citing unnamed sources.
Feb 05, 2015, 16:27 PM IST
Govt aware of alternate tax issues: Sitharaman
Union Commerce and Industry Minister Nirmala Sitharaman on Saturday said that the government was aware that inventors in SEZs were facing issues related to minimum alternate tax and dividend distribution tax, and it was planing to usher in some curative policies.
Aug 24, 2014, 00:44 AM IST
Modi to meet officials tomorrow to sort out SEZ woes
Seeking to revive the beleaguered Special Economic Zones, Prime Minister Narendra Modi will hold a meeting of the officials of commerce and finance ministries on Saturday to sort out the taxation and other problems hampering the implementation of the scheme.
Jun 13, 2014, 15:20 PM IST
