Government proposes to introduce DDT on equity-oriented mutual fund at the rate of 10%
Feb 01 2018
News Category: Industry Update
The government, in the Union Budget FY 19 has proposed to introduce a tax on distributed income by equity-oriented mutual fund at the rate of 10%. Currently, there is no dividend distribution tax or DDT on equity-oriented mutual fund schemes. The mutual fund schemes, which have at least 65% of their assets invested in equities, were out of the DDT ambit till now.