Chamber of Tax Consultants

A dividend looks like the simplest transaction in corporate finance—until it hits the tax code. Dividends, Deemed Dividend—Declaration, Distribution and Conceptual Taxation Framework by CA. Nitin Bhuta compresses a subject that ordinarily sprawls across four volumes into a single, masterful, 142-page guide.

• ✔ The ITA 2025 Transition: Maps the newly enacted Income-tax Act 2025 against the 1961 Act, analyzing whether 70 years of judicial precedent still hold weight.

• ✔ Multi-disciplinary Approach: Reads Company Law (Sec 123), Tax Law (Sec 2(40)), FEMA, and Audit (Rule 11(f)) as one interconnected system.

• ✔ Positions, Not Hedges: Tackles highly contested controversies (e.g., deemed dividends on capital reduction, buy-backs, and intra-group loans) with candid risk ratings and reasoned views.