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Hitesh D Gajaria

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Share buyback tax was not warranted

Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take......

MFs, alternative investment funds may come under ambit of new tax norms

The Finance Act, 2020, has inserted a sub-section, mandating a seller to deduct tax equal to 0.1 per cent of sale proceeds if the value of goods sold exceeds Rs 50 lakh in a financial year.......

Vodafone verdict: What lies ahead for India's tax laws, investment pacts

There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy. The......

India Inc expects Budget to lower personal income tax rates

Majority of respondents feel that the government in the forthcoming Budget will increase the standard deduction and give more incentives for housing loans. India Inc is banking on the Budget to......

Share buyback tax was not warranted

Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take......

The mystery about short-term capital gains tax data

'There is a huge tax differential of 15% to 20% depending on income classification.'Sachin P Mampatta reports. The latest set of tax data shows a persistent oddity when it comes to short-term......

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