https://www.taxtmi.com/highlights?id=74236 The interpretation of the provisions of Section 115QA, particularly whether it applies to the company's capital reduction scheme completed before June 1, 2016. - The capital reduction carried out and completed on May 31, 2016, does not fall under the definition of 'buyback' as per Section 115QA of the Income-tax Act. Consequently, the tax on distributed income to shareholders is not payable by the company. - AT en-us Wed, 17 Jan 2024 11:53:05 +0530 Wed, 17 Jan 2024 21:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74236 The interpretation of the provisions of Section 115QA, particularly whether it applies to the company's capital reduction scheme completed before June 1, 2016. - The capital reduction carried out and completed on May 31, 2016, does not fall under the definition of 'buyback' as per Section 115QA of the Income-tax Act. Consequently, the tax on distributed income to shareholders is not payable by the company. - AT Highlights Income Tax Wed, 17 Jan 2024 11:53:05 +0530 https://www.taxtmi.com/highlights?id=74236