Which Location Is Best For Tcs Share Buyback

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May 21, 2020 . Buyback of shares from any person (other than the shares bought in the open market) reported by a company listed on a recognized stock exchange purchasing its own securities ... but not limited to, a share of stock in a corporation, a note, bond, debenture, or other evidence of indebtedness, a currency or commodity transaction, a credit default ....

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Section 10: Tax Exemptions Under Section 10 of Income Tax Act.

Exemption under Section 10 (34A) on income earned from the share buybackIf an assessee who is a shareholder earns an income when there is a buyback of shares which are not listed on any recognized stock exchange, the income earned would be exempted from tax. The company doing the buyback should be specified under Section 115QA of the Income Tax ....

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