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2 Comments

2. abdixit   I Like It. |Report Abuse|  Link|March 5, 2022 8:25:51 PMReply
Received mail for buyback. Buyback date 9th to 23rd March.
No of shared held - 50
Buyback Entitlement - 7 Shares
1. abdixit   I Like It. |Report Abuse|  Link|February 23, 2022 5:50:57 PMReply
Dear Chittorgarh Admin and other respactive members,

1) Regarding FAQ point #3, Tax will be paid by TCS. So does that mean whatever capital gain I have, I am not liable to pay any tax.

2) If TCS will pay me amount after deducting tax ? Or they will pay me full amount according to 4500 per share.

Thanks in advance.
1.1. Team Chittorgarh.com   I Like It. 3|Report Abuse|  Link|February 24, 2022 9:34:02 AM
Dear Sir,

1. Yes the income from TCS buy-back shares is tax-free. So if you have bought 1 share for 3700 and TCS accepts it, the Rs 800 profit will be tax-free.

2. The price 4500 is the net price you will get for shares accepted for the buyback.

3. Gain/loss from the sell of the remaining share in the open market will be taxable as usual.

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