Redemption of pref shares

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what is the tax treatment in hands of co. and shareholders in redemption of pref shares.
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Originally posted by : priyanka pal
what is the tax treatment in hands of co. and shareholders in redemption of pref shares.

Income in the hand of Shareholder related to Buy back full exempt 10 (34A)

You mean you treat redemption of pref share as buy back of share

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