In a scheme of buy back of shares, XYZ Ltd., a listed company, paid ₹6 lakh to a shareholder X on 12-3-2018. The buy back was through recognized stock exchange. The sum of ₹6 lakh received by X who had bought these share
CS Executive · Tax Laws and Practice · PYQS · June 2018
In a scheme of buy back of shares, XYZ Ltd., a listed company, paid ₹6 lakh to a shareholder X on 12-3-2018. The buy back was through recognized stock exchange. The sum of ₹6 lakh received by X who had bought these shares 2 years back will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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