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Budget 2019 – Buyback tax extended to listed companies

July 10, 2019[2019] 107 taxmann.com 179 (Article)
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Modi Government 2.0 led by Finance Minister Nirmala Sitharaman proposed few measures pertaining to India’s capital markets, including extension of buyback tax (BBT) to listed companies, higher public shareholding (35%) requirement for listed companies than earlier mandated (25%), etc.
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