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1 Comments

1. IPOVini   I Like It. |Report Abuse|  Link|March 29, 2022 1:16:31 PMReply
I see that buyback profit is included as part of short term realized profit in Tax P&L statement from Zerodha. But what I heard earlier is that these buyback profit is tax exempted.
Could anyone throw some light here?
1.1. antarix   I Like It. 1|Report Abuse|  Link|March 29, 2022 7:15:34 PM
What zerodha is showing is not correct. Profit from buyback is taxable in the hands of company and not shareholder.
While filing ITR last year, I deducted profit relating to buyback from overall profit shown by zerodha and then calculated my short term profit.

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