Impact of dividend distribution tax policy on small investors

By:

AGARWAL, R C

Contributor(s):

BANGA, CHARU

Material type:

Mixed materialsPublication details: 2013Description: 72-79Subject(s):

TAXATION

NLM classification:

336.2

In: CHARTERED ACCOUNTANTMSummary: According to the provision of dividend distribution tax (DDT) introduced in 1996-97, the amount of dividend received in the hands of shareholders is exempt from tax. Companies need to reduce the amount of DDT from gross dividend amount decided bythe company as an appropriation of profits. Companies can neither treat DDT as deductible expenditure similar to that of income tax paid nor issue TDS certificates to the shareholders. This provision has adversely affected the small investors andbenefited the high net worth investors, imstitutional investors or promoters.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		61/12	Available		P14900

According to the provision of dividend distribution tax (DDT) introduced in 1996-97, the amount of dividend received in the hands of shareholders is exempt from tax. Companies need to reduce the amount of DDT from gross dividend amount decided bythe company as an appropriation of profits. Companies can neither treat DDT as deductible expenditure similar to that of income tax paid nor issue TDS certificates to the shareholders. This provision has adversely affected the small investors andbenefited the high net worth investors, imstitutional investors or promoters.

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