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buyback of shares

Gujarat AAR: No ITC Allowed on Expenses Incurred for Buyback of Shares

5 May 2025 by Aditya Narayan Parida

In a significant ruling, the Gujarat Authority for Advance Ruling (AAR) has held that Input Tax Credit (ITC) is not admissible on expenses incurred for the buyback of shares. This decision was delivered in the case of M/s. Gujarat Narmada Valley Fertilizers …

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New Rules of Share Buyback Under Income Tax Effective from October 1, 2024

14 August 2024 by Adv Aditya Narayan
share buyback

Starting in October 2024, share buyback proceeds will be treated as dividend income and taxed according to the shareholder’s applicable income tax slab. Starting October 1, 2024, the landscape for share buyback in India will undergo a significant transformation. The …

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