https://www.taxtmi.com/article/detailed?id=8600 Clause 6 amends the Income-tax Act to exempt interest on rupee-denominated bonds issued in the specified period to non-residents and to exempt interest payable to non-residents by IFSC-located units for monies borrowed after the notified date; it increases the tax-free portion of National Pension System Trust payouts on account closure from forty per cent to sixty per cent and extends the buy-back exemption to listed shares. The author objects to describing buy-back measures as preventing tax abuse and argues that taxing company-paid buy-back amounts mischaracterises shareholder receipts as company income. en-us Tue, 09 Jul 2019 10:29:55 +0530 Tue, 09 Jul 2019 10:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8600 Clause 6 amends the Income-tax Act to exempt interest on rupee-denominated bonds issued in the specified period to non-residents and to exempt interest payable to non-residents by IFSC-located units for monies borrowed after the notified date; it increases the tax-free portion of National Pension System Trust payouts on account closure from forty per cent to sixty per cent and extends the buy-back exemption to listed shares. The author objects to describing buy-back measures as preventing tax abuse and argues that taxing company-paid buy-back amounts mischaracterises shareholder receipts as company income. Articles Budget - Tax Proposals Tue, 09 Jul 2019 10:29:55 +0530 https://www.taxtmi.com/article/detailed?id=8600