Budget 2016: With 10% tax on dividend income rush of interim payouts likely


MUMBAI: No investor would welcome the proposed 10% tax on dividend income in excess of Rs 10 lakh in the hands of the receiver, but the market has begun to sniff a silver lining in it.

Experts predict a flood of dividend announcements this month to beat the additional tax announced by finance minister Arun Jaitley, which would kick in from April 1.

This could generate short-term buying interest as yields have become attractive with falling stock prices.

There could ..
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