Major Direct Taxation aspects of the Finance Bill, 2018. The Finance Bill has not altered the Slab rate per se but there is some benefit in the form of Standard deduction to the salaried class of people.
Steps for Buy Back 1. Company should be authorized by Articles of Association to Buy Back its own share. 2. Maximum Limit: Buyback should be 25% or less than its paid up share capital & free reserves (In case of Equity Shares – 25% of paid up equity share capital only) 3. Post Buy Back Debt Equity ratio should not exceed 2:1 4. Pass Board or Special Resolution as applicable
