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Whether the exemption u/s 10(34A) on income arising due to buyback of shares applies on Long Term Capital Gains or Short Term Capital Gains?

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Manual - Exempted Income u/s 10 - Income Specific

In the hands of the shareholder, the income is exempt regardless of whether the gain is short-term or long-term.

Read more: http://www.simplifiedlaws.com/taxation-on-buy-back-of-shares/#ixzz5FkLHF0WG

 

 

Dated: 17-5-2018



 

 

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