Budget 2020:Dividend Distribution Tax

News:Union Budget has proposed to abolish the dividend distribution tax(DDT) at the company’s level.The dividend income will now be added to the taxable income of the recipient and taxed at the applicable rate. Facts: About Dividend Distribution Tax(DDT): A dividend is a return given by a company to its shareholders out of the profits earned… Continue reading Budget 2020:Dividend Distribution Tax

Govt to look at applicability of 20% tax on ongoing share buyback issues

The Finance Ministry has said that it will look into the applicability of 20% tax proposed in the 2019-20 Budget on the current share buybacks by listed companies. This tax was proposed in the budget to discourage the practice of avoiding Dividend Distribution Tax(DDT) through buybacks by listed companies. Dividend Distribution Tax(DDT) is paid by… Continue reading Govt to look at applicability of 20% tax on ongoing share buyback issues