Is it possible to withdraw reserve from pvt. ltd. co.

Hi Friends,

If closely held company want to distribute reserve in shareholder, is it possible to withdraw reseve without paying DDT ?

i want to know about the possibility to reduce withhold tax by using any legal way.

I also want to know if company do buyback and again issue shares to shareholders, in this situation any tax liabillity will arise or not ?

any other way like this.

please suggest something. it is urgent.