Tag Archives: buyback of shares

Consideration received on buyback of shares Taxable as Capital Gain : CBDT

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 26 of February, 2016 Circular No. 3/2016  ​Clarification regarding nature of share Buy-back transactions under Income-tax Act, 1961 As per provisions of Section 46A of the Income-tax Act, 1961 (‘Act’), applicable with effect from 01.04.2000, any consideration… Read More »