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BuyBack proceeds

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(Querist)
12 July 2022 Dear Experts,

If a shareholder receives income from buy back of shares of a listed company, where should he include it in ITR-2 ?

Have received proceeds from TCS BuyBack which are tax exempt but need to reflect in ITR-2.

Also it’s STT paid so it’s there need to deduct the broker charges and reflect the net payment.

Thanks in advance
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
12 July 2022 As it is exempt income u/s. 115QA, you can declare it under schedule 'Exempt Income'.
When the income is exempt, what it matters if expenses are deducted or not!!
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