Gains arising on buy-back of shares taxable u/s 46A or under section 45 - “Transfer” in section 46A -...

Gains arising on buy-back of shares taxable u/s 46A or under section 45 - “Transfer” in section 46A - section 45 and section 46A operate in different fields. Section 45 covers actual capital gain on transfer of a capital asset but section 46A is about Deemed Capital gains on buy back of shares - section 46A is applicable in the present case. .....

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