Table of Contents:
·
(A) [Section 79]- Carry Forward and Set Off of Losses in
case of Certain Companies
o
Section 79(1) shall not apply –
·
(B)
[Section 2(22(e)]- Deemed Dividend
·
(C) [Section 56(2)(viib)]- Share Issued for a
Consideration more than the Fair Market Value
·
(D) Tax on Distributed Income of Domestic Company for Buy
Back of Shares of Unlisted Company
o
[Section 115QA(1)]- Company liable to Pay Tax on Distributed
Income to Shareholders
·
(E) Source of Income of Applicant of Shares Not
Explained [Proviso 1 to Section 68]
·
(F) [Section 179]- Liability of Directors of Private
Company in Liquidation
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