Strategic disinvestment push: Buyers of PSU shares exempt from gift tax

The relaxation will stay as long as the strategic investor retains at least 51 per cent in the PSU after the takeover

tax exemption

Any such stake sale might take place only after the general elections next year

Shrimi Choudhary New Delhi

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The Central Board of Direct Taxes (CBDT) has exempted buyers from gift tax when they acquire equity shares in public-sector units (PSUs) through strategic disinvestment. Earlier the exemption was applied

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First Published: Jun 1 2023 | 9:43 PM IST

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