February 5, 2015 / 9:09 AM / 3 years ago

Indian govt mulls scrapping dividend tax - Bloomberg

NEW DELHI, Feb 5 (Reuters) - The Indian government is considering scrapping a dividend distribution tax in its annual budget this month, as part of efforts to boost investor sentiment, Bloomberg Television reported on Thursday, citing unnamed sources.

Indian companies are liable for additional tax on any amount distributed or paid out to shareholders. Before the introduction of the dividend distribution tax, shareholders were liable for taxes on the dividends they received. (Reporting by Douglas Busvine; Editing by Clara Ferreira Marques)

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