Sir.
I have few shares of tcs, bought in Mar apr 18. Received bonus shares in June. Now the Co has offered to buy back. What are the tax implications for me if I accept the offer.
Anand
1 Answers
Dear Anand,
TCS buyback was through recognised stock exchange route and the STT is paid on the shares tendered,so if the period of holding is more than 1 year, the gain is treated as Long Term Capital Gains.
In your case, the gains (if any) are considered as Short Term Capital Gains and taxable at 15%.
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