Income Tax : Form 16 becomes quite a topic of discussion in all office campuses during the tax filing season. Though we know that Form 16 is fo...
Income Tax : Securities Transaction Tax (STT), is the tax deduction that is applied to all your equity transactions. Introduced in the 2004 Uni...
Income Tax : As stock market investors, we are beneficiaries to various corporate actions like bonus shares, rights shares and stock splits. Th...
Income Tax : Bonus shares are new shares issued to existing shareholders of a company. These are issued to shareholders in proportion to their ...
Income Tax : Share trading has grown significantly in the last decade due to rise of the stock market and rapid adoption of technology. It is s...
The move by Finance Ministry to reduce the threshold limit of filing e-returns from Rs 10 lakh to Rs 5 lakh has to be welcomed. E-filing of return should not be seen as a burden but it is in one way a step ahead for the tech savviness of the country. The primitive approach of […]
What is Dividend Distribution Tax? Section 10(34) of the Income Tax Act, 1961 declares that in addition to the income tax paid by a domestic company against the total income for any assessment year, any amount declared, distributed or paid by such company in form of dividends, is subject to additional tax known as Dividend Distribution Tax. DDT is also applicable to debt mutual funds and is the tax that debt funds pay on the dividend distributed to retail investors.
