Section 115qa tax planning
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2018
Suppose A Ltd wants to buyback its shares from B Limited.
The directors of A Limited formed a new Company- "C" Limited.
"C" Limited buy shares of "A" Limited from "B" Limited.
"C" Limited merged with "A" Limited through High Court Order.
Any Implication of Section 115QA in this..??
The directors of A Limited formed a new Company- "C" Limited.
"C" Limited buy shares of "A" Limited from "B" Limited.
"C" Limited merged with "A" Limited through High Court Order.
Any Implication of Section 115QA in this..??
04 September 2018
As such there is no implication. However GAAR might be attracted since it is done clearly to avoid 115QA.
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