BuyBack of Shares - STCG

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Janki (Querist)
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28 July 2024 Hello,

I have profit on the buyback of shares by the company and It is a short-term gain.

The details as per Demat A/c:
Buy value: 8 qty x 362.9 price=2,903.2
Sale value: 8 qty x 445 price = 3,560
Realized buyback p&L = 656.8

And details as per AIS:
Sale value: 10qty x 445 =4,450
Cost of acquisition: 3,629
FMV:3,046.50

My question is what amount is included in STCG ?? The AIS and demat a/c show different figures what should I do?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 July 2024 Buy Back Tax is levied at the level of the company, the consequential income arising in the hands of shareholders is exempt from tax, as per Section 10(34A) of the ITA.

Declare it as per AIS report in Schedule EI.