Section 46A - Capital gains on purchase by company of its own shares or other specified securities

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..... ject to the provisions of section 48 , the difference between the cost of acquisition and the value of consideration received by the shareholder, shall be deemed to be the capital gains arising to such shareholder, in the year in which such shares were purchased by the company. NOTE: After introduction of Section 115QA and Section 10(34A) ; Section 46A shall not apply on buyback of Unlisted shares .....

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..... ceives any consideration of the nature referred to in section 2(22)(f) (i.e. Buy-back of share) from any company, in respect of any buy-back of shares, that takes place on or after the 1st day of October, 2024, then for the purposes of this section (i.e. Section 46A ) , the value of consideration received by the shareholder shall be deemed to be nil . For the purposes of this section, specified se .....

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