CBDT Clarification on nature of Share Buy Back Transactions
February 26, 2016 CBDT vide its Circular No. 03/2016 dated February 26, 2016 clarifies that consideration received on Share Buy Back between the period 01.04.2000 till 31.05.2013 would be taxed as capital gains in the hands of the recipient in accordance with section 46A of the Act and … Continue Reading →