Who is responsible to pay tax on share buyback?

Ranjana Sharma | Asked On: 05-Jun-2020 | 342 Views

1 Answers

Ranjana Sharma (student) | Answered On: 05-Jun-2020 | 13

The company and the principal officer of the domestic company is liable to pay tax under Section 115QA. The tax is payable within a period of 14 days from the date of payment of any amount to the shareholders on the buyback of shares

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