XYZ Pvt. Ltd. had distributed an income of ₹ 9,00,000 to Rajesh for the reason of buy-back of its shares from him on 1st March 2021. These shares were purchased by him for ₹ 5,00,000 on 1st March 2014.The income out of the amount received by Rajesh against the buy-back of shares from the company XYZ Pvt. Ltd. shall be subject to tax in AY 2021-22 shall be of

🎲 Try a Random Question  |  Total Questions in Quiz: 16  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
CS Executive Practice Test: Agricultural Income & Exempted Incomes – CS Executive Tax Laws — practice the complete quiz, review flashcards, or try a random question.


XYZ Pvt. Ltd. had distributed an income of ₹ 9,00,000 to Rajesh for the reason of buy-back of its shares from him on 1st March 2021. These shares were purchased by him for ₹ 5,00,000 on 1st March 2014.<br />The income out of the amount received by Rajesh against the buy-back of shares from the company XYZ Pvt. Ltd. shall be subject to tax in AY 2021-22 shall be of






ADVERTISEMENT