https://www.taxtmi.com/acts?id=3603 Capital gains arise where a company purchases its own shares or specified securities from a shareholder: the difference between cost of acquisition and the consideration received is deemed to be capital gains in the year of purchase, and where consideration of the prescribed buyback kind is received under the recent amendment it shall be treated as nil for computation; specified securities is defined by reference to company law. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 18:06:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3603 Capital gains arise where a company purchases its own shares or specified securities from a shareholder: the difference between cost of acquisition and the consideration received is deemed to be capital gains in the year of purchase, and where consideration of the prescribed buyback kind is received under the recent amendment it shall be treated as nil for computation; specified securities is defined by reference to company law. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3603