In the case of buyback of shares whether listed or unlisted by domestic companies, w.e.f  05/07/2019 additional income tax @20% plus surcharge @12% and cess@ 4% is levied on the hands of the company. Any capital gain arising in the hands of investors is tax-free.

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Sec10(43) provides that the amount received by a senior citizen, either a lumpsum or in installments would be exempted from tax.

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