Dividend Distribution Tax
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Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers
Hitesh Sharma 2 •While one of the key focus areas for this Budget 2020-21 on socio-welfare front is to widen the reach of affordable healthcare services, it also lays emphasis on government policy of ‘Make in India’.
Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?
Madan •There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful
Budget 2020: Abolishing dividend distribution tax, rationalising income tax slabs among most expected reliefs from Nirmala Sitharaman
Vishal Anand •This year’s Budget should look at increasing the limit of deduction under section 80C.
Budget 2020: BJP recommends tax tweaks to attract foreign investors; says cost of financial transactions in country to be reduced
•India charges 15 percent short-term capital gains tax if equity shares are sold within a year and at 10 percent if sold after a year.
Budget 2020: Policy relaxations and incentives will whip up investors’ appetite, help govt fast-track to clock $5 trillion mark
Mahesh Singhi •The next proposal that may top FM’s Budget speech must be the disinvestment in strategic PSUs and outright privatization of loss-making PSUs.
Income tax slabs, change in capital gains tax in offing; to boost govt revenues by over Rs 55,000 cr: Report
Fp Staff •The report also suggests removing prosecution and reopening of assessment for those who declare and pay higher income tax for a past period of up to six years with interest and 50 percent penalty
Finance Ministry to look into applicability of 20% tax on share buybacks by listed companies
•The Finance Ministry on Friday said that it will look into the applicability of 20 percent tax proposed in the 2019-20 Budget on the current share buybacks by listed companies
Budget 2019-20: Assocham demands cut in effective corporate tax to 25%, inflation indexing of allowances
•Industry chamber Assocham has demanded cut in effective corporate tax to 25 percent, doing away with dividend distribution tax (DDT) and indexing of allowances and deductions under personal Income Tax with inflation
Budget 2019: Six ways new Finance Minister Nirmala Sitharaman can overhaul India's tricky direct tax system
Muralidharan •With central excise and local sales tax accounting for roughly 50 percent of the petrol bunk prices, its migration to the GST regime brooks no delay
Industry, exporters should not depend on subsidies; work on improving competitiveness: Piyush Goyal
•On export credit, Goyal said it was discussed in detail and a meeting has been called Friday to further deliberate on the matter