is short term capital gain on buy back of share taxable?
2 Replies
Member
(Management)
(325 Points)
Replied 31 July 2010
All STCG is taxable. Only LTCG is exempt under certain conditions.
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 31 July 2010
TAXABLE AS NO SPECIFIC EXEMPTION AVAILABLE..
REGARDS,
MANOJ
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