SHRES BUYBACK IS TAXABLE OR EXEMPT IN THE HANDS OF ASSESSEE

This query is : Resolved 

13 July 2024 DEAR SIR,

ONE OF MY CLIENT SELL SHARES SOME OF LONG TERM IT IS TAXABLE OR EXEMPT

REGARDS

13 July 2024 Shares buyback is not taxable in the hands of the share holder assessee.

13 July 2024 DEAR SIR,

THANK YOU FOR YOUR QUICK REPLY


13 July 2024 You are welcome.

13 July 2024 SORRY SIR,

WHAT IS THE THESHOLD LIMIT OF DIVIDENDS IS RS. 5000/- OR INCREASED IF YES HOW MUCH

REGARDS

THANK YOU

13 July 2024 It is taxable, no exemption limit.
A domestic company is to deduct tax at the rate of 10% on payment of dividends to its resident shareholders when such dividend exceeds ₹ 5,000.

13 July 2024 THANK YOU SIR FOR YOUR QUICK REPLIES,

REGARDS

25 August 2024 You are welcome.




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