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Newsletter/Booklets 23rd Jul 2024

Budget Buzz – Abolishing Buyback Tax

Authors

Rahul Charkha Partner | Pune
Arpita Choudhary Principal Associate | Pune

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As a part of measures for widening and deepening the tax base including anti-avoidance, the Finance Bill 2024 has proposed to abolish BBT payable by companies on any amount of income distributed on buy-back of shares.

Read our Budget Buzz on this subject to find out the pros and cons of this!