Buybacks since March 2016 don't seem to indicate that companies are trying to save on the dividend tax
Last updated: 14-Nov-2022•Yash Rohra
A sudden increase in the number of buybacks after March 2016, even when markets are scaling new highs, has had many people believe that this is the outcome of the change in dividend-taxation rule. In the 2016 Union budget, an additional 10 per cent tax was levied on dividends above Rs 10 lakh. But our
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