Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Buy-back tax valuation rules define the amount received for shares through subscription, restructuring, conversions, and deemed nil consideration. Determination of the amount received by a company for shares subject to buy-back is governed by a detailed valuation rule. The rule covers subscription shares, returned amounts, employee stock option and sweat equity shares, amalgamation, demerger, acquisition of assets or liabilities, succession or conversion of a firm or proprietary concern, nil consideration shares, conversion of securities, dematerialised shares identified by first-in-first-out, and a residual rule deeming face value as the amount received.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Buy-back tax valuation rules define the amount received for shares through subscription, restructuring, conversions, and deemed nil consideration.
Determination of the amount received by a company for shares subject to buy-back is governed by a detailed valuation rule. The rule covers subscription shares, returned amounts, employee stock option and sweat equity shares, amalgamation, demerger, acquisition of assets or liabilities, succession or conversion of a firm or proprietary concern, nil consideration shares, conversion of securities, dematerialised shares identified by first-in-first-out, and a residual rule deeming face value as the amount received.
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