Tuesday, March 04, 2025 | 01:04 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Brokers demand cut in dividend distribution tax in upcoming Budget

The submission said the tax on the dividend should be in the form of equalisation of balance difference between corporate and personal tax

Brokers demand cut in dividend distribution tax in upcoming Budget
Premium

Sundar Sethuraman Mumbai
The broking community has requested the central government for a cut in the dividend distribution tax (DDT) in the upcoming Union Budget. In a submission to the Union government, the brokers' associations said the present form of adversarial taxation on the dividend of around 20 per cent results in triple taxation of corporate earnings.
 
The submission said the tax on dividend should be in the form of equalisation of balance difference between corporate and personal tax. The brokers' associations recommended that DDT should be withdrawn and the tax should be levied at 10 per cent at the hands of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in