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of <h1>Draft Rules for Calculating Share Issuance Amounts u/s 115QA of Income-tax Act, 1961.</h1> The notification outlines draft rules under section 115QA of the Income-tax Act, 1961, concerning the determination of the amount received by a company for issuing shares. The rules specify how to calculate this amount in various scenarios, such as subscription, amalgamation, demerger, and conversion of instruments. The Finance Act, 2016, amended the definition of 'distributed income' for buy-back of shares, effective from June 1, 2016. Stakeholders and the public were invited to submit comments electronically by July 31, 2016. The draft rules aim to provide clarity on the methodology for determining the amount received by companies in different circumstances.
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