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What is dividend distribution tax and how is it levied?
short by Bhawana Chaudhary / on Thursday, 30 January, 2025
Dividend distribution tax (DDT) falls under government's tax revenue and is collected on profits that a person receives from companies of which they hold shares. Until 2020, companies bore DDT on profits they shared with shareholders. After 2020, recipients bear DDT as companies deduct 10% of it as tax deducted at source on dividends exceeding ₹5,000 in a financial year.
read more at Moneycontrol