Tag Archives: Section 115QA

CBDT notified rules for Buy-Back of Shares

By | October 18, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th October, 2016 INCOME-TAX G.S.R. 982(E).—In exercise of the powers conferred by section 115QA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend… Read More »

CBDT prescribe method to determine Share consideration for buy back tax; Draft Rules released

By | July 25, 2016

F No 370133/30/2016-TPL F No 370133/30/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* New Delhi, Dated 25thJuly, 2016 Subject: Draft Rules for prescribing the manner of determination of amount received by the company in respect of share – section 115QA of the Income-tax Act, 1961-reg. Under section… Read More »