India’s leading IT services companies may continue to prefer share buybacks over higher dividends, even after recent tax changes announced in the Union Budget, according to market expert Sushovan Nayak from Anand Rathi Institutional, who believes the revised framework makes buybacks more efficient for both companies and many shareholders. Speaking to ET Now, Nayak said […]
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 […]
The Supreme Court on Thursday ruled that capital gains arising from American investment firm Tiger Global’s $1.6-billion stake sale in Flipkart to Walmart in 2018 are taxable in India, handing a major victory to the Union government in an important judgment that is set to shape the future of cross-border investments and treaty-based tax planning. […]