Sec 115 QA
This query is : Resolved
jagdish ahuja
(Querist)
01 January 2021
i have 100 share of wipro ltd - long term -- pls guide if i give for buy back to company -- what will be the tax effect. thanks sec 115 QA if applicable also then that effect also thanks
Dhirajlal Rambhia
(Expert)
26 September 2021
Post July 2019, shareholders have no tax liability on CG arising from buy back. As per sec. 115Q, even listed company has to pay tax over the differential price.
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