i bought 100 shatres of company A from mrkt. i sold them back to the company under buy back offer after holding them for 1 year +.Do i pay long term capital gains tax?
kindly help
4 Replies
Rahul Chobdar
(Chartered Accountant (Financial Management))
(561 Points)
Replied 13 July 2009
HI Uday!
For shares, 1 year is taken as Long term & it is exempt from tax provided STT is paid.
uday
(cme)
(36 Points)
Replied 22 July 2009
THANKS,
I BOUGHT VIA EXCHANGE SO STT WAS PAID.
I SOLD TO COMPANY .HOW DO I GET TO KNOW WETHER STT WAS PAID BY THE CO.?
CA. Megha Topiwala
(Job)
(1534 Points)
Replied 24 July 2009
if STT is paid LTCG is exempt u/s 10(38)
Recent Topics
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
Related Threads
CAclubindia
