BuyBack proceeds

This query is : Resolved

SHAHNH (Querist)
Follow

12 July 2022 Dear Experts,

If a shareholder receives income from buy back of shares of a listed company, where should he include it in ITR-2 ?

Have received proceeds from TCS BuyBack which are tax exempt but need to reflect in ITR-2.

Also it’s STT paid so it’s there need to deduct the broker charges and reflect the net payment.

Thanks in advance

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

12 July 2022 As it is exempt income u/s. 115QA, you can declare it under schedule 'Exempt Income'.
When the income is exempt, what it matters if expenses are deducted or not!!