Infosys’ massive Rs 18,000 crore share buyback is approaching. Zerodha co-founder Nithin Kamath advises investors to understand the tax rules. Gains from the buyback are taxed as income. The entire investment value is considered a capital loss. This buyback may be beneficial if you have other capital gains to offset. Shareholders must own Infosys shares by November 13 to qualify.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets