Usually an investible surplus.Please please think over the same as this tax will prevent promoters from taking further risk of investment as they have to shed 25%+43% = 68% on the dividend they opt to take. Best wishes.
Yeilds is very negligible Pl check top 500 performing companies as the dividend is paid on face value and not market value of the share. The largest share of dividend yields goes to the promoters many of them being in top 500 list. Crnt tax will compel them to rethink on dvdnd.
Tax it above the 25% income bracket in such a way that already tax paid by the company of 25% is not duplicated. Hence promoters who falls under 43% slab ends up paying incremental tax of 18% once falling in 30% will have to pay 5% and so on....
One more point -shareholders dvdnd
@nsitharaman Heard you on one of the forum. Impressed that you are open to understand and know more on dividend distribution tax.
Mam dividend is appropriation out of the tax paid profit. Taxing it again either to the company or the shareholders is regressive Suggestion:
@SubramanianKri wealth creation always n exclnt idea. Dvnd is approprition of profit. Why tax it twice.?? Promoter pays 25% on profit and 43% on divdnd total burden 68%. Why will he take risk??? Any views on the same?
@narendramodi You are doing remarkable work. Need of an hour is few words from you on the nbfc sector and its importance in financial inclusion,will go a long way in giving tons of confidence to the markets.