Tag: dividend

RBI allows declaration and payment of dividends by banks for financial year ended March 31 2021. Declaration / Payment of dividends by banks allowed by RBI Earlier, In December 2020 RBI had forbidden banks to make dividend payment for financial year ended March 31 2020. However, RBI has …

RBI forbids banks to make dividend payment for the financial year ended March 31 2020. In 2005, the Reserve Bank of India ( RBI ) reviewed the policy approach with regard to payment of dividends by bank  shifting the regulatory focus from the ‘quantum of dividend’ to the …

RBI prohibits banks from dividend declaration for FY ended 31.03.2020 RBI prohibits banks from dividend declaration RBI has prohibited banks from making any further dividend declaration/payouts from the profits pertaining to the financial year ended March 31, 2020 until further instructions. In India, Banks have been granted general …

Applicability of TDS provisions on Mutual Fund dividend. No deduction on income in the nature of capital gains-CBDT issues clarification  The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of …

ICSI Secretarial Standard on Dividend effective from 01-01-2018. As per SS-dividend includes Interim Dividend but bonus shares are not Dividend. The Institute of Company Secretaries of India (ICSI) has recently released the Secretarial Standard (SS-3) on Dividend for its members. This Standard shall come into effect from 1st …