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Concepts · CA Final/Direct Tax Laws & International Taxation

Direct Tax Laws & International Taxation

Ch 1 · Taxation of Companies & MAT

5 concept points · 3 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
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Important Points

⭐ Important points (exam-critical)

  • ⭐Once opted for 115BAA/BAB — cannot withdraw subsequently.
  • ⭐MAT credit not available if opted for 115BAA/BAB.
  • ⭐Buy-back tax (Sec 115QA) — 20% (plus SC + cess); not in hands of shareholder.
  • ⭐Dividend taxation post-FY 2020-21: in hands of shareholder + TDS u/s 194 @ 10%.

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