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Tax on Buyback of Shares

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14 January 2022 I have bought shares of TCS in year 2008. TCS is coming out with a share buyback scheme and has announced it on 13Jan22. If I participate in the share buyback scheme and sell my shares through this facility, do I have to pay any capital gains tax? Or the full proceeds, irrespective of the amount is fully exempt from any tax at the hand of the shareholder?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
14 January 2022 Yes, fully exempt to shareholders u/s. 10(34A) of IT act...
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