taxability of buy back of private limited shares

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Querist : Anonymous (Querist)
28 June 2010 how can be tax in the hands of shareholders in case of buyback of share of private limited company

28 June 2010 It will be taxable as if shares are not sold on the exchange,

STCG will be taxed on slab rates

LTCG will be taxed @ 20%


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