A company bought back it's shares on 30th March,2020 from one of it's shareholder who purchased the shares in the year of 2013.
whether it is taxable in the hands on shareholder or not ?
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Shares - Long term capital gain
Replies (3)
Quick Summary
It is taxable as long term capital gains.
exemption not available since not suffered stt as not having been routed through stock exchange.
my views
exemption not available since not suffered stt as not having been routed through stock exchange.
my views
After a quite research i found out that ,
it will not be taxable in the hands of shareholder since it is exempt u/s - 10(34A).
Further as per section 115QA the company is liable to pay tax and not the shareholder.
Further , the company shall not deduct TDS from the sale consideration of the shareholder and company itself is liable to pay TDS too .
it will not be taxable in the hands of shareholder since it is exempt u/s - 10(34A).
Further as per section 115QA the company is liable to pay tax and not the shareholder.
Further , the company shall not deduct TDS from the sale consideration of the shareholder and company itself is liable to pay TDS too .
You are right. my apologies.
but it is applicable only for shares not listed on recognised stock exchanges.
correct me if I am wrong.
but it is applicable only for shares not listed on recognised stock exchanges.
correct me if I am wrong.
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