About this document
Cognizant India Tax Case Analysis by Abhisek Dash is a document available to read on EtoBox.
1. The document discusses two methods a company can use to distribute reserves to shareholders - dividends or share buybacks. Share buybacks are not subject to dividend distribution tax. 2. It summarizes a case where an Indian subsidiary of a US company did two share buybacks. The tax authorities argued the buybacks were done to avoid taxes, while the company argued they were capital gains transactions not subject to dividend taxes. 3. The Madras High Court dismissed the company
- Author
- Abhisek Dash
- Language
- EN