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