Govt to look at applicability of 20% tax on ongoing share buyback issues

The Finance Ministry has said that it will look into the applicability of 20% tax proposed in the 2019-20 Budget on the current share buybacks by listed companies. This tax was proposed in the budget to discourage the practice of avoiding Dividend Distribution Tax(DDT) through buybacks by listed companies. Dividend Distribution Tax(DDT) is paid by… Continue reading Govt to look at applicability of 20% tax on ongoing share buyback issues