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  • News From Press Dividend distribution tax could be scrapped

    Dividend distribution tax could be scrapped

    Hundreds of companies who were planning buybacks were stuck in the middle of the new tax regime
    Mint Oct 30, 2019

    A bonanza is in the offing for the stock markets as the Prime Minister's Office (PMO) and the Finance Ministry are working on measures which may include dividend distribution tax (DDT) being scrapped.

    In this regard, the Department of Economic Affairs (DEA) and Revenue Department officials in the Finance Ministry have held meetings with PMO officials.

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