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Buybacks to be taxed in India by coffeelovers

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· @coffeelovers ·
$8.60
Buybacks to be taxed in India
If the companies donot foresee big capital expenditure in next few quarters, the cash gets piled up in their accounts. 

![233082D3-74C5-4DFE-827B-7D87D1E5FFCF.jpeg](https://cdn.steemitimages.com/DQmcyzmcqbR9vfAwB12eoQ3Y9bGqjGSJf8EP4dvu5avoG4k/233082D3-74C5-4DFE-827B-7D87D1E5FFCF.jpeg)So, either they use the cash for acquisition or for rewarding shareholders through dividends or share buybacks to maintain return ratios. [Buyback](https://www.regtechtimes.com/buy-back-indian-tech-global-benchmark/) is one of the best methods to return investors money

Till the budget of 2019 was announced this return of money was taxfree, however now there is 20% tax on the profits made by the investors.
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vote details (489)
@steemitboard ·
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@vedvati ·
Good achievement
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