With reference to the changes in the Dividend Distribution Tax (DDT) system proposed in the budget 2020-21, consider the following statements: 1. In order to increase the attractiveness of the Indian Equity Market and to provide relief to a large class of investors, the budget has proposed to remove DDT. 2. Budget has proposed to adopt the classical system of dividend taxation, under which the dividend shall be taxed only in the hands of the recipients at their applicable rate. 3. The Changes in the DDT system will only be applicable for the next two years, there after the earlier system will continue to be in force. Which of the above statements is/are correct?

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UPSC & State PSC

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01 Jan 1970 05:30 AM study24x7

With reference to the changes in the Dividend Distribution Tax (DDT) system proposed in the budget 2020-21, consider the following statements: 1. In order to increase the attractiveness of the Indian Equity Market and to provide relief to a large class of investors, the budget...

1 only

1 and 2 only

1, 2 and 3 only

None of the above