Menu
BUY BACK OF SHARES
Please tell me about tax ability on buy back of share
Replies (5)
Quick Summary
Section 115QA will be applicable to company in case of buy back of shares
Tax liability in the hands of share holder
Since it is taxable in the hands of company, it is exempt in the hands of shareholder
Sec 115QA of the finance act applied only unlisted companies which warranted a tax of 20% on the distributed income
Fully exempt in hands of shareholder u/s 115QA,no matter whether listed or unlisted.
Taxable in hands of companies. Before July 2019 it exempted for unlisted only. but after that it is exempted for both listed and unlisted.
Taxable in hands of companies. Before July 2019 it exempted for unlisted only. but after that it is exempted for both listed and unlisted.
Recent Topics :
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
Related Topics :
CAclubindia
