<p>Finance Minister Nirmala Sitharaman on Saturday said dividend distribution tax has been shifted to individuals instead of companies.</p>.<p><a href="https://www.deccanherald.com/union-budget-2020?_ga=2.84232025.1360367931.1580521242-1474932321.1580521241"><strong>Follow DH's Union Budget 2020 coverage here</strong></a></p>.<p>In her second Budget presentation, the Finance Minister said concessional tax rate of 15 per cent has been extended to power generation companies.</p>.<p><strong><a href="https://www.deccanherald.com/business/budget-2020/union-budget-2020-fundamentals-of-economy-strong-inflation-well-contained-says-finance-minister-nirmala-sitharaman-800336.html" target="_blank">Follow DH's Union Budget coverage live</a></strong></p>.<p>The government plans 100 per cent tax concession to sovereign wealth funds on investment in infra projects, she added.</p>.<p><strong><a href="https://www.deccanherald.com/liveblog/stock-markets-live-sensex-in-green-nifty-nears-11900-800276.html" target="_blank">Follow DH's live coverage of the stock markets</a></strong></p>.<p>Sitharaman further said concessional withholding rate of 5 per cent on interest payment to non-residents has been extended up to June 30, 2022.</p>.<p>The Finance Minister also proposed deferment of tax payment by employees on employee stock ownership plan (ESOPs) from startups by five years.</p>
<p>Finance Minister Nirmala Sitharaman on Saturday said dividend distribution tax has been shifted to individuals instead of companies.</p>.<p><a href="https://www.deccanherald.com/union-budget-2020?_ga=2.84232025.1360367931.1580521242-1474932321.1580521241"><strong>Follow DH's Union Budget 2020 coverage here</strong></a></p>.<p>In her second Budget presentation, the Finance Minister said concessional tax rate of 15 per cent has been extended to power generation companies.</p>.<p><strong><a href="https://www.deccanherald.com/business/budget-2020/union-budget-2020-fundamentals-of-economy-strong-inflation-well-contained-says-finance-minister-nirmala-sitharaman-800336.html" target="_blank">Follow DH's Union Budget coverage live</a></strong></p>.<p>The government plans 100 per cent tax concession to sovereign wealth funds on investment in infra projects, she added.</p>.<p><strong><a href="https://www.deccanherald.com/liveblog/stock-markets-live-sensex-in-green-nifty-nears-11900-800276.html" target="_blank">Follow DH's live coverage of the stock markets</a></strong></p>.<p>Sitharaman further said concessional withholding rate of 5 per cent on interest payment to non-residents has been extended up to June 30, 2022.</p>.<p>The Finance Minister also proposed deferment of tax payment by employees on employee stock ownership plan (ESOPs) from startups by five years.</p>