TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Capital Gains Tax on Company Share Buybacks: Section 46A Explained for Shareholders and Security Holders</h1> Section 46A, introduced by the Finance Act of 1999 and effective from April 1, 2000, addresses capital gains related to a company's purchase of its own shares or specified securities. When a shareholder or holder of such securities receives consideration from the company for this purchase, the capital gains are calculated as the difference between the acquisition cost and the received consideration. This gain is recognized in the year the company buys the shares or securities. 'Specified securities' are defined according to the Companies Act, 1956.
TaxTMI 
TaxTMI 
