Buy back of shares -- profit taken as exempt income
This query is : Resolved
jagdish ahuja
(Querist)
11 April 2024
as per income tax act -- buy back of shares -profit is taken
as exempt
pls guide when there is loss in buyback of shares
how should we treat it--
long term/short term loss or otherwise
pls guide
thanks
as exempt
pls guide when there is loss in buyback of shares
how should we treat it--
long term/short term loss or otherwise
pls guide
thanks
CA R SEETHARAMAN
(Expert)
12 April 2024
It's long term/short term capital loss.
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