Tax Rates 2024 Non Resident. New buyback tax rules from october 1, 2024 from october 2024, the entire amount received by shareholders from buybacks will be treated as dividend income and taxed according to their respective income tax slabs, with the responsibility for withholding tax (tds) on the company. The finance act, 2020 inserted a new section 115bac which provides for an alternative tax regime for individuals and huf.

Chat with nri tax expert. The scheme became effective on july 15, 2024, and can be booked through branches.