Friday, 30 October 2015

Whether ex-gratia payment made by employer out of his own sweet will can be treated as 'profits in lieu of salary' u/s 17(3)(i) - NO: HC

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Delhi HC: No Deemed Gift Tax on Share Buy-Back at Discount

The Delhi High Court in the case of Globe Capital market has ruled that a company’s buy-back of its own shares cannot be taxed under Section...