Expenses incurred for buy back of shares are revenue expenses ...

Share Buyback Costs Classified as Revenue Expenses Due to Lack of Permanent Capital Structure Change.

December 29, 2016

Case Laws Income Tax AT

Expenses incurred for buy back of shares are revenue expenses because there is no permanent change in the capital structure of the company, nor a benefit of enduring nature and the purchases are effected for company’s free reserves which are otherwise capable of being freely distributed to the shareholders - AT

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Expenses incurred for buy back of shares are revenue expenses ...

Share Buyback Costs Classified as Revenue Expenses Due to Lack of Permanent Capital Structure Change.

December 29, 2016

Case Laws Income Tax AT

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