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SHRES BUYBACK IS TAXABLE OR EXEMPT IN THE HANDS OF ASSESSEE

This query is : Resolved 
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(Querist)
13 July 2024 DEAR SIR,

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

REGARDS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 July 2024 Shares buyback is not taxable in the hands of the share holder assessee.
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raghavendra b

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raghavendra b (Querist)
13 July 2024 DEAR SIR,

THANK YOU FOR YOUR QUICK REPLY
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 July 2024 You are welcome.
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raghavendra b

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raghavendra b (Querist)
13 July 2024 SORRY SIR,

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

REGARDS

THANK YOU
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
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.
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raghavendra b

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raghavendra b (Querist)
13 July 2024 THANK YOU SIR FOR YOUR QUICK REPLIES,

REGARDS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 August 2024 You are welcome.
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