The Income Tax Department has issued a clarification on how “buyback tax” has changed with Union Budget 2026, to the benefit of small shareholders. Image for representational purposes only. (Pixabay) Finance Minister Nirmala Sitharaman, in her budget speech today, proposed to shift back buyback tax to a capital gains framework from dividend treatment in effect […]
With the record date of the Infosys buyback upon us, it’s worth understanding how buyback taxation works in India. Thankfully, Nithin Kamath, co-founder and chief executive officer, took it upon himself to do the math. Zerodha CEO Nithin Kamath. (@Nithin0dha/X) The ₹18,000-crore Infosys buyback—the largest in India’s history along with Tata Consultancy Services Ltd.’s in […]