Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 156

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 10
Chunk 156
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Sale of a futures in securities                                                                                                                                                                                                                           0.02%   Seller    
Sale of a unit of an equity-oriented fund to the Mutual Fund.                                                                                                                                                                                               0.001%   Seller    
Sale or surrender or redemption of a unit of an equity oriented fund to an Insurance company, on maturity or partial withdrawal, with respect to unit linked insurance policy issued by such insurance company on or after the first day of February 2021   0.001%   Seller    
Sale of unlisted shares under an offer for sale referred to in Sec. 97(13)(aa) and Sec. 97(13)(ab)                                                                                                                                                            0.2%   Seller    

Goods and Service Tax: Brokerage or commission paid to stockbrokers in connection with the sale or purchase of shares is subject to levy of the Goods and Services Tax at an effective rate of 18%.
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Buyback of Securities: Effective October 1, 2024, the taxation framework for share buybacks in India has been revised. Under the new framework, the following provisions apply:
1.Taxation in the hands of Shareholders: Proceeds received by shareholders from the buyback of shares are now treated as dividend income and taxed according to applicable slab rates.
2.Tax Deduction at Source: Companies are required to deduct TDS at a rate of 10% for resident shareholders and 20% for non-resident shareholders (subject to applicable tax treaties) on buyback proceeds paid to resident shareholders.
3.Capital Loss Recognition: The cost of acquisition of the shares bought back is considered a capital loss for shareholders. This loss can be offset against other capital gains or can be carried forward for up to eight subsequent financial years. 
Stamp Duty and Transfer Tax: Upon issuance of the equity shares underlying our ADSs, companies will be required to pay a stamp duty of 0.1% per share of the issue price of the underlying equity shares. A transfer of ADSs is not subject to an Indian stamp duty. However, upon the acquisition of equity shares from the depositary in exchange for ADSs, the non-resident holder will be liable for an Indian stamp duty at the rate of 0.25% of the market value of the ADSs or equity shares exchanged. A sale of equity shares by a non-resident holder will also be subject to an Indian stamp duty at the rate of 0.25% of the market value of the equity shares on the trade date, although customarily such tax is borne