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In the three days since the Union Budget, at least 70 companies have called board meetings to declare interim dividends — in a bid to get the money to the shareholders before the tax on promoters’ dividends kicks in on April 1. The Budget, presented on Monday, had proposed a 10 per cent tax on the dividends for those promoters with annual dividend income of Rs 10 lakh or more. Show full article

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