12 April 2024
as per income tax act -- buy back of shares - profit is taken as exempt income pls guide when there is loss in buyback of shares how should we treat it -- as long term/short term loss or otherwise pls guide THANKS
15 April 2024
Profit is exempt income in view of tax on it's paid by the company. In case of loss it can be adjusted against short term/ long term capital gains as the case may be or carried over.
CAclubindia
