Which challan should be used to pay Buyback Tax u/s 115QA? If Challan 280, then under type of Tax payment there are 2 options Code 106: Tax on Distributed profits and Code 107: Tax on Distributed Income. Which one should be chosen?
Which challan should be used to pay Buyback Tax u/s 115QA? If Challan 280, then under type of Tax payment there are 2 options Code 106: Tax on Distributed profits and Code 107: Tax on Distributed Income. Which one should be chosen?
When I downloaded the PDF challan from Income tax website, Code 107 is Tax on distributed Income to Unit Holders whereas 106 is Tax on distributed profits of Domestic companies
So are you sure it is 107 ??
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