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LTCG on Buyback of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2011 I purchased shares in 2005 now the company buyback shares in 2011 the LTCG on shares is exempt? if it taxable then how can I save tax on LTCG on shares?
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
19 March 2011 LTCG is exempt only if STT is paid on the sale transaction.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
19 March 2011 If STT is paid LTCG will be exempted from tax.

If the STT is not paid, LTCG will be applicable but can claim exemption if you invest in 54 EC Bonds...
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
19 March 2011 Investment in 54EC Bonds should be done to the extent of capital gains within 6 monyhs from the date of capital gains subject to maximum of 50 lakhs.
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