The interpretation of the provisions of Section 115QA, ...

Income Tax

January 17, 2024

The interpretation of the provisions of Section 115QA, particularly whether it applies to the company's capital reduction scheme completed before June 1, 2016. - The capital reduction carried out and completed on May 31, 2016, does not fall under the definition of 'buyback' as per Section 115QA of the Income-tax Act. Consequently, the tax on distributed income to shareholders is not payable by the company. - AT

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The interpretation of the provisions of Section 115QA, ...

Income Tax

January 17, 2024

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