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budget 2020
02 Feb 2020
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).
budget 2020
01 Feb 2020
Budget proposes to remove Dividend Distribution Tax
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.”
Dividend Distribution Tax
12 Feb 2018
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.
Finance Ministry
15 Jan 2018
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.
Income Tax department
03 May 2015
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.
Commerce Ministry
31 Mar 2015
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.
Budget 2015
13 Feb 2015
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.
foreign firms
10 Feb 2015
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.
SEZs
07 Sep 2014
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.
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