The Indian Government has proposed to amend the buy-back tax provisions vide Finance Bill (No. 2), 2024. The amendments will kick-in from 01st Oct, 2024 and affect how companies will structure shareholder exits. 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 💰 Proceeds from buy-back to be taxed as deemed dividend at the hands of shareholders 📉 Cost of acquisition of repurchased shares will be available as capital loss The Article also touches upon the legislative history and intent behind the amendments.
About us
GM Corporate Solutions is a professional advisory firm founded by Big 4 accounting firm alumnus. Our core specialization is in mergers & acquisitions, corporate finance and strategic advisory. We act as trusted advisers to our clients in domestic and cross border M&A deals across diversified sectors/industries. The combination of our team's expertise coupled with comprehensive capabilities across sectors and our service delivery model aimed at providing our clients with end to end pragmatic solutions enables us to assist our clients to succeed in a challenging market environment. With our team of multi talented and professional experts we are a one stop solution oriented organisation providing full spectrum of services from corporate finance, transaction advisory to tax and regulatory, corporate law, audit and various compliance services.
- Website
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http://www.gmcorpsolutions.com
External link for GM Corporate Solutions
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- New Delhi, Delhi
- Type
- Partnership
- Specialties
- Corporate Finance, Tax Advisory & Compliance, Regulatory & Business Set-up, and Corporate Law Advisory & Compliance
Locations
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Primary
Get directions
501, ABW Elegance Tower
Jasola
New Delhi, Delhi 110025, IN
Employees at GM Corporate Solutions
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Gaurav Gupta
Partner at GM Corporate Solutions
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Sanjeev Batra
Investment Banker | Fundraising | M&A Advisory | Strategic Advisory | Business Consulting I CSR | IPR | Legal
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Jitender Singh
System Analyst - Ace Computers / Digital Marketing - Chillitrends
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Ujjawal dixit
Trainee at GM Corporate