Companies rushing to declare dividend post removal of DDT
Updated : February 27, 2020 10:17 PM IST
In the last month, over 100 companies have declared dividends either interim or final.
Earlier, Indian companies were required to pay DDT at the rate of 15 percent and with cess, the effective tax rate was 20.56 percent
Post corporate tax rate cut to 25 percent, the effective tax rate, including DDT, for India Inc worked out to 48.5 percent.