Blog about Financial Education, Advisory & Planning
Earlier, companies deducted dividend distribution tax and handed over the funds to the shareholders. Budget 2020 tweaked the tax law this financial year and made dividends taxable in the hands of investors at the individual tax rate of the investor. However, companies were asked to deduct TDS. To give relief to small taxpayers, only dividend income …
Nirmala Sitharaman introduced new slabs and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh. In addition she removed dividend distribution tax (DDT), again in line with recommendations of the panel set up for Direct Tax Code (DTC). These are probably initial steps towards implementing DTC in …
The new direct tax code (DTC) is expected to be in consonance with economic needs of the country, and will replace the 58-year old existing Income Tax Act, 1961. A panel was set up to draft the code in view of direct tax systems across various countries, international best practices and economic needs of the …
‘Balanced funds’ fall in the hybrid category of mutual funds and invest more than 65% of the corpus into equities, while the rest is allocated among fixed income instruments. Older retired investors are considering investing into such equity focused funds. They seem to be pretty impressed with the monthly dividends being generated by balanced mutual …
Balanced funds for monthly dividends- Temporarily Regular… Read More »