Infosys buyback: Zerodha’s Nithin Kamath explains the tax trap investors are missing

With Infosys’ record Rs 18,000 crore share buyback just a day away, Zerodha co-founder Nithin Kamath took to X (formerly Twitter) on Thursday to warn investors not to get blindsided by the tax implications.

“Infy is one of the most highly held stocks by investors, and the record date for their massive buyback is November 14th, the biggest buyback ever in India,” Kamath said, explaining in detail how gains from the offer are taxed as “income from other sources” and why it may not be as straightforward a windfall as many assume.