India Finance Bill approved with new buyback tax rules
after close1 source ↓written by the desknot a recommendation
- promoters facing
- 12% surcharge
The Finance Bill has been approved by Parliament, introducing significant changes to share buyback taxation and enhancing support for the startup sector. Buyback proceeds will now be taxed as capital gains, with promoters facing a 12% surcharge. This aims to close tax loopholes while ensuring fairer tax administration for businesses and individuals.
Not investment advice. For informational purposes only.