Tax implications of cancellation of shares pursuant to capital reduction

Unnati Sharma , Last updated: 02 July 2020  
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As a process of Internal Reconstruction, capital reduction is undertaken for various reasons, such as eliminating losses, simplifying capital structure, writing off fictitious assets, to make the balance sheet look healthy and many others. There is a recent judgement by Income Tax Appellate Tribu

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Unnati Sharma
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Category Income Tax   Report

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