The Arbind Modi panel in 2018 suggested a corporate tax cut; the government did not accept

Had proposed the abolition of the tax on dividend distributions, the tax on stock market transactions

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Corporation tax

The first direct tax reform panel, set up by the government to rewrite India’s income tax laws, last year recommended a sharp cut in the corporate tax rate to 15% from 25 -30% currently.

He had also proposed equally bold changes such as the abolition of the securities transaction tax (STT) and the dividend distribution tax (DDT), and the restructuring of the capital gains tax. term (LTCG). The panel, chaired by Arbind Modi, then a member of the Central Direct Taxation Commission (CBDT), proposed taxing dividend income and long-term capital gains at the level of the…




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First published: Fri 26 July 2019. 01:47 IST

Luisa D. Fuller

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