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Valuation of shares of unlisted company to be bought back

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(Querist)
11 January 2018 Can a private limited company buy back it's shares at Book Value or it has to be done at Fair Market Price. What value will be considered for payment of Additional Income Tax (BBT) @ 23.072% Kindly help....
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MAHENDRAN.P

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MAHENDRAN.P (Expert)
12 January 2018 Any Company can buy back its Shares at any value approved by the Board and Share holders even it can be at book value. The tax is payable by the Company on the on the difference between the Cost of Shares and the Buyback price.
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