Liability of reserve bank of India to pay dividend distribution tax

By:

PANDEY, T N

Material type:

Mixed materialsPublication details: 2012Description: 1265-1267NLM classification:

336.2

In: CHARTERED SECRETARYMSummary: While RBI has been exempt from income tax, welth tax and service tax, no such exemption has been provided in respect of dividend distribution tax is not imposed on RBI. Either the RBI act/ Income tax act be amended to exempt RBI from dividend distribution tax or the RBI be subjected to this levy.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		42/10	Available		P14557

While RBI has been exempt from income tax, welth tax and service tax, no such exemption has been provided in respect of dividend distribution tax is not imposed on RBI. Either the RBI act/ Income tax act be amended to exempt RBI from dividend distribution tax or the RBI be subjected to this levy.

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