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No change in dividend distribution tax, says finance secretary Subhash Garg

Updated : July 12, 2019 07:30 PM IST

In the 2019 Union Budget, the government taxed the buyback route to check dividend distribution tax evaders.
Earlier, corporates preferred using the buyback route after the government levied a dividend distribution tax of 10 percent in 2007, which was further hiked by a similar quantum in 2016. 
No change in dividend distribution tax, says finance secretary Subhash Garg
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