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DDT News

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).

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.

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.

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.

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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