⭐ 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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