Taxation of Dividends FY 2020-21
The Budget 2020 has announced to abolish the Dividend Distribution Tax (DDT) payable by Indian Companies and restoring the classical system of Taxing Dividends in the Shareholders’ Hands. This was … Read More
Tag: Dividend
Income Tax on Dividend Received on Shares and Mutual Fund from 1 April 2020
The Finance Act 2020 has reintroduce the old system to tax dividend in the hands of shareholders and has removed Dividend Distribution Tax on Companies and exemption under section 10(34).