is any body tell me wat is the tax treatment of Buy back of Share
1 In the hands of Company
2 In the hand of Share Holder
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Buy back of share Tax Treatment
Replies (3)
its taxable in the hands of the shareholder as CG
| Originally posted by : Mukund | ||
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its taxable in the hands of the shareholder as CG |  |
I am agree with mukund and further deduction under section 48 are also allowed on the capital gain.
Dear Mukund,
Treatment Under Income Tax Act in case of Buy Back -
1) Company - No TREATMENT SINCE REDUCTION OF SHARE CAPITAL IN TERMS OF SEC 77 A OF THE COMPANIES ACT & REDEMPTION OF PREFRENCE SHARES ARE NOT TREATED AS DEEMED DIVIDEND U/S 2(22)
2) Shareholder- Capital Gain shall be computed u/s 46A
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