Taxsutra Special: List of Companies that may Benefit from Buy-back Tax Relief!

Sep 21,2019

With a view to discouraging the practice of avoiding dividend distribution tax (DDT) through buyback of shares by listed companies, Union Finance Minister Nirmala Sitharaman in her maiden budget in July 2019 had proposed an additional tax of 20% in case of buyback of shares by listed companies. Pursuant to this, one company even decided to withdraw its share buyback plan.

In a move that has brought smiles to India Inc., the Tax...

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