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Buy back of shares -- profit taken as exempt income

This query is : Resolved 

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

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.

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