Recipient pay tax on Dividend Income, Govt Abolition of DDT
The Ongoing Controversy On Erroneous Applicability Of Dividend Distribution Tax Finally Ends During the past quarters, the provisions of law regarding buy-back of shares since introduction of dividend distribution tax (‘DDT’) under section 115Q of the Act w.e.f. 01.04.2003 till 31.05.2013 are being interpreted in a conflicting manner by the tax authorities and taxpayers, …