Income Tax : Pursuant to the amendment under Union Budget 2024, tax on buyback of shares transactions executed on or after 1st October 2024 sha...
Income Tax : The 2024 Budget changes tax rules for share buybacks, impacting shareholder taxation and reducing tax arbitrage. Learn the implica...
Income Tax : Discover the complete guide on taxation for buyback of shares, including the latest changes in the 2024 Budget. Understand the pro...
CA, CS, CMA : Understand the new tax implications on buyback of shares, shifting the tax burden from companies to investors. Learn how these cha...
Income Tax : ITAT Pune held that creation of artificial intangible asset i.e. goodwill in intra-group merger is merely a colourable transaction...
Income Tax : ITAT Chennai held that the matter of buyback through High Court approved scheme of arrangment remitted back for verification of NA...
Income Tax : The ITAT Mumbai has ruled that interest on borrowed funds used for capital reduction is a valid business expense under Section 36(...
Income Tax : ITAT Pune held that since income of minor child is clubbed in the hands of assessee, TCS collected on the same needs to be credite...
ITAT Pune held that creation of artificial intangible asset i.e. goodwill in intra-group merger is merely a colourable transaction out between the Holding Company and the subsidiary company. Accordingly, depreciation claimed thereon deserves to be disallowed.
ITAT Chennai held that the matter of buyback through High Court approved scheme of arrangment remitted back for verification of NAV valuation under rule 11UA and also to analyize applicability of section 115QA. Accordingly, appeal restored back.
The ITAT Mumbai has ruled that interest on borrowed funds used for capital reduction is a valid business expense under Section 36(1)(iii) of the Income Tax Act. The tribunal also clarified that the buyback tax under Section 115QA cannot be applied to capital reduction transactions completed before the June 1, 2016 amendment.
Pursuant to the amendment under Union Budget 2024, tax on buyback of shares transactions executed on or after 1st October 2024 shall be levied in the hands of shareholders, and not on the company.
ITAT Pune held that since income of minor child is clubbed in the hands of assessee, TCS collected on the same needs to be credited in the hands of assessee. Accordingly, assessee cannot be deprived from the credit of TCS. Thus, appeal allowed.
The 2024 Budget changes tax rules for share buybacks, impacting shareholder taxation and reducing tax arbitrage. Learn the implications and rationale.
Discover the complete guide on taxation for buyback of shares, including the latest changes in the 2024 Budget. Understand the provisions, reasons, and implications.
Understand the new tax implications on buyback of shares, shifting the tax burden from companies to investors. Learn how these changes impact capital gains and TDS.
