Buyback tax of 20% on listed companies: Is it fair?

  Jul 06, 2019

Jairaj Purandare, Chairman of tax advisory firm, JMP Advisors discussed the futility of buyback tax on listed companies as compared to unlisted companies. Listed companies do buyback following all regulatory guidelines prescribed by SEBI — when you do buy back; upto what amount of capital and reserves you can do buy back; it also imposes a gap (12 month) between two buybacks. Thus, “when precautions are there to not misuse the tool of buyback of shares, is it appropriate for the tax authorities to go and now tax buyback as well?”

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Industry Leaders Reaction on Budget 2019: Adi Godrej says Budget is not growth-oriented; stock market comes down considerably

  Jul 10, 2019

Prime Minister Narendra Modi’s government unveiled the Budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election…

What caused the market crash? Big tax hit sends FPIs running for cover

  Jul 09, 2019

“While one would continue to pay 10 per cent LTCG on income over Rs 1 lakh on listed shares, if the capital gains along with the other income heads exceeds…