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Buy back of shares -- profit taken as exempt income

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(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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 April 2024 It's long term/short term capital loss.

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