Sorry FM madam, with great respect and regards, author differ and request you to withdraw proposal of deemed dividend.Just amendment to S. 10(34A) and 115QA , as proposed will be sufficient to make shareholders liable to pay tax on any profit or gains, if any, in case of bought back of shares. Deeming dividend is patently wrong on all principals. https://www.taxtmi.com/article/detailed?id=12823 The author objects to treating buy back receipts as deemed dividend and instead urges withdrawal of that proposal; recommends targeted amendments to company level buy back tax and the exemption rule so shareholders are taxed only on actual profit or gains, allowing deduction of cost of acquisition (with indexation or fair market value where applicable) and permitting claim of losses where transfer consideration is lower than cost. en-us Fri, 26 Jul 2024 09:30:25 +0530 Fri, 26 Jul 2024 09:30:25 +0530 TaxTMI RSS Generator Sorry FM madam, with great respect and regards, author differ and request you to withdraw proposal of deemed dividend.Just amendment to S. 10(34A) and 115QA , as proposed will be sufficient to make shareholders liable to pay tax on any profit or gains, if any, in case of bought back of shares. Deeming dividend is patently wrong on all principals. https://www.taxtmi.com/article/detailed?id=12823 The author objects to treating buy back receipts as deemed dividend and instead urges withdrawal of that proposal; recommends targeted amendments to company level buy back tax and the exemption rule so shareholders are taxed only on actual profit or gains, allowing deduction of cost of acquisition (with indexation or fair market value where applicable) and permitting claim of losses where transfer consideration is lower than cost. Articles Income Tax Fri, 26 Jul 2024 09:30:25 +0530 https://www.taxtmi.com/article/detailed?id=12823