Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Budget 2020: Dividend Distribution Tax abolished, says FM Sitharaman

Copy URL
Embed

In the Union Budget presented today, FM Nirmala Sitharaman proposed to remove the deeply unpopular dividend distribution tax (DDT). According to industry and markets, dividend distribution tax is a surrogate tax and it obstructs the flow of foreign direct investment. Therefore, doing away with this tax can give a major push to investment.

5415views
Have something to say? Post your comment

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service