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Secondary Mkt 838 views 4 replies

 i bought 100 shatres of company A from mrkt. i sold them back to the company under buy back offer after holding them for 1 year +.Do i pay long term capital gains tax?

kindly help

Replies (4)

HI Uday,

U need to pay Long term Capital gain tax as your holding is  one year.

HI Uday!

For shares, 1 year is taken as Long term & it is exempt from tax provided STT is paid.

 

 THANKS,

I BOUGHT VIA EXCHANGE SO STT WAS PAID.

I SOLD TO COMPANY .HOW DO I GET TO KNOW WETHER STT WAS PAID BY THE CO.? 

if STT is paid LTCG is exempt u/s 10(38)


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