https://www.taxtmi.com/manuals?id=4882 Buy-back of shares is a company's purchase of its own shares under company law; amendments to income tax law excluded buy back proceeds from the dividend definition and made consideration on buy back taxable as capital gains under the specific buy back tax provision. Because shares are destroyed on buy back, no capital asset remains for further capital gains taxation, affecting the applicability of other capital gains provisions. en-us Mon, 09 Sep 2024 11:20:00 +0530 Thu, 12 Jun 2025 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4882 Buy-back of shares is a company's purchase of its own shares under company law; amendments to income tax law excluded buy back proceeds from the dividend definition and made consideration on buy back taxable as capital gains under the specific buy back tax provision. Because shares are destroyed on buy back, no capital asset remains for further capital gains taxation, affecting the applicability of other capital gains provisions. Manuals Income Tax Mon, 09 Sep 2024 11:20:00 +0530 https://www.taxtmi.com/manuals?id=4882