Buy-back tax rule amendment excludes application to share buy backs occurring on or after October first. The amendment inserts a proviso into sub section (1) of section 115QA, effective from the 1st day of October, 2024, providing that the provisions of that ... Summary
Buy-back tax rule amendment excludes application to share buy backs occurring on or after October first.
The amendment inserts a proviso into sub section (1) of section 115QA, effective from the 1st day of October, 2024, providing that the provisions of that sub section shall not apply in respect of any buy back of shares that takes place on or after that date, thereby excluding such post effective date buy backs from the sub section's application.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.