Hello Sir,
Reg reporting of taxfree income from buyback of shares before 1/10/24 in ITR 2, I have certain doubts as under:
- I understand that this income is to be shown in Exempt income under “Any other” Head.
- Should i report only the gain i.e. the differential amount between sale consideration and cost of acquisition or the entire amount that is received on buyback.
- Whether these buyback amount is to be included in the respective Capital gain section i.e. 111A or not required to be shown there.
I shall be highly obliged for your kind guidance.
Regards
Dayanand P
email: pdayanin@gmail.com
Mob: 7012794090