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Dividend Distribution Tax 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.”

27 Jan 2020

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.

Income Tax department

28 Mar 2018

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.

Income Tax department

28 Mar 2018

IT department freezes 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.

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.

06 Feb 2015

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.

Nirmala Sitharaman

23 Aug 2014

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.

13 Jun 2014

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.

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