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TCS Share buyback | Income tax exemption

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This query is : Resolved

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This discussion addresses how to report income from a TCS share buyback in your Income Tax Return (ITR). While the profit is considered exempt income, there isn't a direct option for section 10(34A) in the ITR form. The suggested method is to select 'Any Other' under the 'Other exempt income' tab and then provide the necessary details.

Harsh Mehta

Harsh Mehta (Querist)
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18 June 2024 I understand profit from buyback of shares needs to be shown under "Exempt Income" in ITR.
However under "Exempt Income" there is no option of section 10(34A) to be selected. How to show?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 June 2024 In Tab: 3 Other exempt income (including exempt income of minor child) (please specify) .....
Click on "Any Other" option and add the details.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 August 2024 Good luck.

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