Infosys CEO drops $2.5B buyback bombshell - here's why smart investors aren't celebrating
Key Points
- Infosys' ₹18,000 crore buyback may sound great, but new tax ...
When Infosys announced its chunky ₹18,000 crore buyback at ₹1,800 per share, you'd expect shareholders to start planning their victory laps. Instead, many are scratching their heads and reaching for their calculators, because thanks to October 2024's tax rule changes, this "gift" comes with some serious strings attached.
The Tax Man's New Favorite Game
Remember when buybacks were taxed as capital gains? Those were simpler times. Now the government treats buyback proceeds like dividend income, which is bureaucrat-speak for "we're taking a bigger bite of your money." So when you tender you...
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