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Tag "Dividend Distribution Tax"

Removal of DDT & its financial impact

Removal of DDT & its financial impact

🕔14:53, 2.Feb 2020

Earlier effective Dividend Distribution Tax (DDT)was 16.995 per cent on the dividend declared. The tax was then grossed up in Budget 2014 and the current effective DDT rate was 20.56 per cent on the dividend declared. Further resident (non-corporate) shareholders

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DDT removed, recipients to pay tax

DDT removed, recipients to pay tax

🕔20:02, 1.Feb 2020

New Delhi, Feb 1 In a relief to companies and a boost to equity markets, Finance Minister Nirmala Sitharaman on Saturday announced the removal of dividend distribution tax (DDT) and now tax will be paid only by the recipients, a

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India needs single corporate tax rate of 25%: KPMG

India needs single corporate tax rate of 25%: KPMG

🕔11:20, 26.Aug 2019

New Delhi, Aug 26  The Indian government should move towards a simple tax structure with a single corporate tax rate of 25 per cent, without any surcharge or cess above it, global advisory KPMG has said in a report. The

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