FinMin may shift tax liability on share buyback to shareholders in Budget

In the upcoming Budget, the finance ministry may shift the tax liability on the buyback of shares from companies to individual shareholders who participate in the process, a report in the Financial Express (FE) on Tuesday said. 

The shift will bring the taxation of share buybacks on the same page as the dividend income. It will also remove the double taxation on buyback proceeds.

According to FE, the proposals were made by several market participants and it was also mentioned by the Securities and Exchange Board of India (SEBI) in its recent consultation paper. 

Additionally, it is also being seen