11 Indian firms, including Indus Towers Ltd., are accelerating share buybacks ahead of new tax rules effective Oct 1st.
11 Indian firms, including Indus Towers Ltd., are approving or plan to approve share buybacks ahead of new tax rules effective Oct 1st. This is a significant increase from the average of 4 transactions per month in 2023. Under the new tax regime, money from buybacks will be treated as dividend income taxed at individual rates, rather than at a 20% company-level rate, potentially increasing the effective tax burden for higher-income tax bracket shareholders.
August 05, 2024
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