https://www.taxtmi.com/acts?id=17941 A domestic company undertaking a buy-back of its own shares must pay additional tax on the distributed income arising on that buy-back; this tax is payable by the company and principal officer within fourteen days of payment, is treated as the final tax in respect of that distributed income, and no deduction or credit is permitted to the company or shareholder in respect of that income or tax. en-us Wed, 22 May 2013 13:56:47 +0530 Mon, 23 Jun 2025 12:59:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17941 A domestic company undertaking a buy-back of its own shares must pay additional tax on the distributed income arising on that buy-back; this tax is payable by the company and principal officer within fourteen days of payment, is treated as the final tax in respect of that distributed income, and no deduction or credit is permitted to the company or shareholder in respect of that income or tax. Act-Rules Income Tax Wed, 22 May 2013 13:56:47 +0530 https://www.taxtmi.com/acts?id=17941