Purchase of equity shares by a company - form 61a

Tax queries 531 views 1 replies

S. Krishnamoorthy

Director

61 Points Joined January 2009

Shares issued by a Company for amount exceeding Rs.1000000/- are treated as transaction under SFT and form 61A is to be submitted.

If a private Compnay purchases shares of another private company from the shareholders, does the transaction attract the provision of 114E and is treated as SFT?

Regards

S. Krishnamoorthy

Replies (1)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

209032 Points Joined July 2016

"If a private Compnay purchases shares of another private company from the shareholders, does the transaction attract the provision of 114E and is treated as SFT? "

Not directly issued by the Company, so not applicable.