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Budget 2018 may say goodbye to dividend distribution tax

Budget 2018 may say goodbye to dividend distribution tax
There has been discontent about this tax, because any corporate which pays dividend has to pay two taxes - the income tax on its profits and the DDT The finance ministry is likely to do away with the dividend distribution tax (DDT) in the upcoming Union Budget.   Sources in the know have said there have been considerable discussions on the topic among various stakeholders. At present, if a company gives dividend to its shareholders, it has to pay DDT of 20.36 per cent (15 per cent plus ...
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