GS-3, Indian Economy, Uncategorized

Removal of DDT will boost investments: CBDT

Background: The budget proposed the removal of the Dividend Distribution Tax (DDT) payable by companies. Currently, companies are required to pay a 15% tax plus applicable surcharge and cess on the dividends. Further, investors who receive more than ₹10 lakh as a dividend in a financial year have to pay a 10% tax on such income. The Centre has… Continue reading Removal of DDT will boost investments: CBDT

GS-3, Indian Economy, Uncategorized

15th Finance Commission’s interim report

Context The report of the 15th Finance Commission headed by N K Singh was tabled in Parliament. The Finance Commission and its purpose The Finance Commission is a body set up under Article 280 of the Constitution, primarily to recommend measures and methods on how revenues, which the government earns through various taxes, need to be… Continue reading 15th Finance Commission’s interim report