buy back of listed shares

If shares of a listed Company are bought back through a recognised stock exchange, the tax implications are as under:
1. Shareholders would be entitled to the benefit of Exemption under Section 10(38) of the Income Tax Act on long-term capital gains arising on account of buy-back, provided STT (securities transaction tax) is paid on the transaction
2.Long term capital gain exempt u/s 10(38) upto Rs. 100000/- if STT paid at the time purchase of these shares from RSE.
3. Short term capital gains taxable u/s 111A @ 15%.

DOMESTIC COMPANY BUYS BACK UNLISTED SHARES THE SHAREHOLDER SHALL BE EXEMPTED U/S 10(34A)