tax implication on buyback of sharesndia buy back its share
This query is : Resolved
13 June 2011
If a private ltd co in india decided to buy back its shares lower than the book value of its shares than what is the tax implications in the hands of the company.
say for e.g the book value of the cos shares is rs 100 and the co buys back at the rate of rs 5 say then what are the tax implications
say for e.g the book value of the cos shares is rs 100 and the co buys back at the rate of rs 5 say then what are the tax implications
13 June 2011
The receipt being capital in nature, will not be taxable.
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