buy back of shares by unlisted co

Umang harshad shah (article) (33 Points)

22 December 2017

who will be liable for BBDT, if co is liable for BBDT then is there any in the hands of shareholders?

Reply
Follow
Share

8 Replies

Divakar agarwal (Student) (247 Points)
Replied 22 December 2017

read section 115QA and 46A in case of buyback of share of unlisted company

sudip sharma (article) (734 Points)
Replied 23 December 2017

this income is exempted in the hand of shareholders under section 10(34a)

Umang harshad shah (article) (33 Points)
Replied 23 December 2017

n wt about company

Divakar agarwal (Student) (247 Points)
Replied 23 December 2017

unlisted company has to pay tax u/s 115QA @ 20% plus cess @ 3%

Umang harshad shah (article) (33 Points)
Replied 23 December 2017

ok thax
but surcharge is also applicable therefore effective rate will be 23.072%

Divakar agarwal (Student) (247 Points)
Replied 23 December 2017

correct surcharge @ 10% will come

Vinit (DIRECTOR) (25 Points)
Replied 22 March 2018

Can you confirm under which head to pay tax for buy back of unlisted share?

Challan 280 has 2 options:

Tax on Distributed Profits of Domestic Companies (106)

Tax on Distributed Income to Unit Holders (107)

Thanks

PRIYANKA (ROC-IN-CHARGE) (22 Points)
Replied 01 January 2019

under which head

Start a New Discussion