Share Buyback Tax Mein Bada U-Turn! Ab Capital Gains Lagega, Budget 2026-27 ka bada announcement

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AuthorKavya Nair|Published at:
Share Buyback Tax Mein Bada U-Turn! Ab Capital Gains Lagega, Budget 2026-27 ka bada announcement
Overview

Finance Minister Nirmala Sitharaman ne Budget 2026-27 mein ek bohot bada change announce kiya hai! Ab se companies jab apne shares wapas kharidengi (buyback), toh us par 'deemed dividend' nahi, balki 'capital gains' ke hisaab se tax lagega.

Pichli Baar Kya Hua Tha?

Yaad hai, Finance Act, 2024 mein iska niyam badla gaya tha aur buyback ko 'deemed dividend' maan kar pura amount taxable kar diya gaya tha, jisse investors ko zyada tax dena pad raha tha. Ab sarkaar ne woh system change kar diya hai.

Naya Tax Framework Kya Hai?

Is baar Budget 2026-27 mein yeh niyam pakka ho gaya hai ki buyback se jo paisa shareholders ko milega, woh ab 'capital gains' kahlayega. Iska matlab, ab investors apne share ki kharid value (cost of acquisition) minus karke, sirf actual profit par tax denge. Yeh normal share sale ki tarah hi hoga, jisse tax filing bhi easy hogi aur investors ko bhi clarity milegi.

Investors Aur Promoters Pe Asar?

Chhote aur retail investors ke liye toh yeh bohot acchi khabar hai. Unhe apna actual profit declare karke hi tax dena hoga, jo pichhle system se kaafi kam ho sakta hai. Lekin, promoters ke liye thoda twist hai. Unko buyback par alag se tax dena padega – corporate promoters ko 22% aur non-corporate promoters ko 30% ke hisaab se tax lagega unke capital gains par. Yeh isliye kiya gaya hai taki promoters tax bachane ke liye buyback ka galat istemaal na kar sakein.

Market Aur Experts Kya Keh Rahe Hain?

Market observers is move ko India ke tax structure ko simple banane ki taraf ek accha kadam maan rahe hain. Unka kehna hai ki isse investors ka bharosa badhega. Kuch experts ko lagta hai ki promoters par zyada tax hone ki wajah se companies shayad dividend dene ya R&D mein invest karne par zyada focus karein. Alvarez & Marsal India ke Vishal Hakani ne bhi kaha hai ki promoters ke liye yeh rate pehle se kam appealing ho sakta hai, lekin retail aur institutional investors ke liye clarity aur fayda zaroor hai.

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