Developers seek exemption from dividend distribution tax in Budget 2016


After getting relief from capital gains and minimum alternate taxes last year, developers now seek exemption from the dividend distribution tax (DDT) for real estate investment trusts (REITS) in the upcoming Budget to make them attractive for investors. Despite tax concessions last year, REITs have not taken off.

Their argument is that after paying almost 20% DDT, rate of return on these units would not be lucrative compared to other investments. At the current times, post-DDT, 

Read Full Article Over Here : Business Standard News
Read our full coverage on Union Budget 2016

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