Capital gains on purchase by company of its own shares or other specified securities.

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....shares or other specified securities held by such shareholder or holder of other specified securities, then, subject to the provisions of section 72, the difference between the cost of acquisition and the value of consideration so received shall be deemed to be the "Capital gains" arising to such shareholder or the holder of other specified securities, as the case may be, in the year in which the ....

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.... Rate, where the promoter is other than a domestic company A B C D 1. Short-term capital gains referred to in section 196 arising from the transfer of such securities. 2% 10% 2. Long-term capital gains referred to in section 197 or section 198 arising from the transfer of such securities. 9.5% 17.5% (3) For the purposes of this section,- (a) in the....