Budget 2020 has changed the manner in which dividends are taxed. How will the tax be paid on dividends between group companies and how will insurance companies meet this tax liability?
In the case of insurance that is not true, the insurance policy buyer doesn’t have to bother with dividend tax, the insurance company will pay it at its own level as per its corporate tax rate so no problem for ULIPs, but mutual funds holders will have to pay the tax liability.
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