https://www.taxtmi.com/acts?id=20442 Amendment clarifies distributed income by substituting the reference to section 77A of the Companies Act, 1956 with "any law for the time being in force relating to companies," and by providing that consideration paid on buy back of shares is reduced by the amount received by the company for issue of such shares, determined in the manner as may be prescribed. en-us Mon, 29 Feb 2016 16:46:16 +0530 Mon, 29 Feb 2016 16:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20442 Amendment clarifies distributed income by substituting the reference to section 77A of the Companies Act, 1956 with "any law for the time being in force relating to companies," and by providing that consideration paid on buy back of shares is reduced by the amount received by the company for issue of such shares, determined in the manner as may be prescribed. Act-Rules Bills Mon, 29 Feb 2016 16:46:16 +0530 https://www.taxtmi.com/acts?id=20442