000			00967npc a2200157Ia 4500
008			140613s2013 xx 000 0 und d
060			_a336.2
100			_aPANDEY, T N
245			_aNew law relating to income taxation on buyback of shares by companies
260			_c2013
300			_a540-542
520			_aDuring the budget exercises for the year 2013-14 an anti tax avoidance measure by way of tax on buyback of shares in the cases of unlisted companies has been introduced. It was noticed that some companies to avoid dividend distribution tax, instead of distributing dividends to the shareholders were passing on the accumulated profits to them by way of payment of higher prices through buying back shares where the capital gains arising on such shares in the hands of the shareholders were not chargeable to tax or were taxable at lower rte of tax.
653			_aTAXATION
773			_oP14883 _nM _921889 _011164 _tCHARTERED SECRETARY
942			_2ddc _cARTCL
999			_c11871 _d11871