Section 46A - Capital gains on purchase by company of its own shares or other specified securities

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ject to the provisions of section 48 , the difference between the cost of acquisition and the value of consideration received by the shareholder, shall be deemed to be the capital gains arising to such shareholder, in the year in which such shares were purchased by the company. NOTE: After introduction of Section 115QA and Section 10(34A) ; Section 46A shall not apply on buyback of Unlisted shares .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X