It’s double taxation: Share buy-back tax should go, like DDT, says TV Mohandas Pai in a BCIC report


The buyback taxation should go just like the MoF did with the dividend distribution tax (DDT) that companies paid earlier, they said. “Shareholders tendering shares under the tender route should be made liable to pay capital gains tax. Consequently, shareholders will be liable to pay either income tax on dividend income or capital gains tax on buyback of shares,” the two taxation experts said in a Bangalore Chamber of Industry & Commerce (BCIC) report, highlighting the measures the MoF should take to overhaul India’s direct and indirect tax systems and processes.
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