SHRES BUYBACK IS TAXABLE OR EXEMPT IN THE HANDS OF ASSESSEE

This query is : Resolved 

13 July 2024 DEAR SIR,

ONE OF MY CLIENT SELL SHARES SOME OF LONG TERM IT IS TAXABLE OR EXEMPT

REGARDS

13 July 2024 Shares buyback is not taxable in the hands of the share holder assessee.

13 July 2024 DEAR SIR,

THANK YOU FOR YOUR QUICK REPLY

13 July 2024 You are welcome.

13 July 2024 SORRY SIR,

WHAT IS THE THESHOLD LIMIT OF DIVIDENDS IS RS. 5000/- OR INCREASED IF YES HOW MUCH

REGARDS

THANK YOU

13 July 2024 It is taxable, no exemption limit.
A domestic company is to deduct tax at the rate of 10% on payment of dividends to its resident shareholders when such dividend exceeds ₹ 5,000.

13 July 2024 THANK YOU SIR FOR YOUR QUICK REPLIES,

REGARDS

25 August 2024 You are welcome.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details