Tax on distributed income requires companies to remit tax on buy-back consideration and imposes interest and recovery for non-payment. Chapter XII-DA creates a charge on distributed income from buy-back of unlisted shares, making the domestic company liable to pay tax on such distributed income even if no tax is otherwise payable, obliging the principal officer and company to remit the tax within fourteen days of payment, treating that tax as final with no credit or deductions allowed, and applying interest and default recovery provisions for non-payment.