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....
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....
No The New Vlaution rule is not for the purpose of Section 115QA that is only for Section 50 CA and Section 56. The Tax has to be paid on the Buyback value but there is no requirment for any valuation. it can be at any value as dertmined by the Compnay in its Borad and General meeting.
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