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Buy back of Shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2009 does the buyback of shares leads to capital gain in hands of share holder?
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CA Vanesh Nadar

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CA Vanesh Nadar (Expert)
17 November 2009 Yes. As it would be treated as if the sale has taken place and to be considered as transfer
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
17 November 2009 yes
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