Impact of dividend distribution tax policy on small investors
Material type: Mixed materialsPublication details: 2013Description: 72-79Subject(s): NLM classification:- 336.2
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
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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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