Current Affairs · Share Buyback Taxation
The Union Budget 2026–27 proposed a significant computational restructuring of the taxation framework for share buybacks to protect minority shareholders and curtail tax arbitrage. Which of the following combinations correctly reflects the new tax classification for all types of shareholders and the resultant effective tax rates for corporate and non-corporate promoters respectively?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Business Income, 22%, and 33%
- 2Capital Gains, 22%, and 30%✓
- 3Capital Gains, 15%, and 25%
- 4Dividend Income, 20%, and 35%
Correct answer
Capital Gains, 22%, and 30%
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