TaxTMI 
TaxTMI 
Amendment of section 2.
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.... payment by a company on purchase of its own shares from a shareholder in accordance with the provisions of section 68 of the Companies Act, 2013 (18 of 2013.);"; (II) in the long line, clause (iv) shall be omitted; (b) in clause (42A), with effect from the 23rd day of July, 2024,-- (i) in the opening portion, for the words "thirty-six months", the words "twenty-four months" shall be substitu....
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....n provides the definition of dividend which, inter alia, does not include any payment made by a company on purchase of its own shares from a shareholder in accordance with the provisions of section 77A of the Companies Act, 1956. It is proposed to amend the said clause so as to insert sub-clause (f) therein and omit item (iv) to provide that dividend, inter alia, include any payment by a company ....
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....) of section 10, which is transferred during the period beginning on the 1st day of April, 2014 and ending on the 10th day of July, 2014, the period of holding for the purposes of this clause would be twelve months. The clause also provides that in the case of a share of a company, not being a share listed in a recognised stock exchange in India, or an immovable property, being land or building or....