taxability of buy back of private limited shares

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Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2010 how can be tax in the hands of shareholders in case of buyback of share of private limited company

Aditya Maheshwari (Expert)
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28 June 2010 It will be taxable as if shares are not sold on the exchange,

STCG will be taxed on slab rates

LTCG will be taxed @ 20%

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