Union Budget: Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders, says Nirmala Sitharaman
Photo used for representation purpose only. | Photo Credit: Getty Images/iStock Union Finance Minister Nirmala Sitharaman on July 23 said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to…