Budget 2018 – Blocking the defamed route to avoid DDT/CDT payment

Excerpts -“Amongst various other proposals, not finding a spot in Mr. Jaitley’s Budget Speech was one such proposal which is surely going to pinch a few corporate houses going in for amalgamation/ merger or such other restructuring.”

“Another eye-catching proposal which corporates should look out for relates to widening the scope of DDT by taking into its ambit deemed dividend on loan to beneficial shareholder and that too not at the prevailing rate of DDT (15%) but higher rate of 30%.”  Read more…..

This Article has been published in Taxmann on February 17, 2018

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