https://www.taxtmi.com/news?id=16412 Section 115QA levies additional tax on distributed income from buyback of unlisted shares; the amended definition of distributed income requires reducing buyback consideration by the amount originally received by the company on issue of those shares, to be determined in the prescribed manner. Draft rules prescribing methods for this determination have been published for public and stakeholder comments. en-us Mon, 25 Jul 2016 18:44:55 +0530 Mon, 25 Jul 2016 18:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16412 Section 115QA levies additional tax on distributed income from buyback of unlisted shares; the amended definition of distributed income requires reducing buyback consideration by the amount originally received by the company on issue of those shares, to be determined in the prescribed manner. Draft rules prescribing methods for this determination have been published for public and stakeholder comments. News - Mon, 25 Jul 2016 18:44:55 +0530 https://www.taxtmi.com/news?id=16412