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of <h1>Income Tax Bill 2025: Clause 69 Targets Capital Gains on Share Buybacks for Accurate Tax Reporting</h1> Clause 69 of the Income Tax Bill, 2025, focuses on taxing capital gains from a company's repurchase of its own shares or specified securities. It aims to ensure accurate tax reporting by closing loopholes in such transactions. Clause 69(1) calculates gains as the difference between acquisition cost and consideration received, while Clause 69(2) deems certain considerations as nil for tax purposes. Clause 69(3) aligns the definition of specified securities with the Companies Act, 2013. Compared to Section 46A of the Income-tax Act, 1961, Clause 69 reflects updates in corporate and tax environments, ensuring compliance and fairness in taxation.
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