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Amendment to Section 115QA: "Distributed Income" in Share Buy-Backs Now Clearly Defined for Tax Purposes. Calculation Method Pending.

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....Amendment of section 115QA. - tax on distributed income to shareholders. - “distributed income” shall mean the consideration paid by the company on buy-back of shares as reduced by the amount, which was received by the company for issue of such shares, determined in the manner as may be prescribed.....