as discussed in other thread, making new thread for this
thanks all
@Demon_slayer @Jarvis.-. @malikcool @legend101 @Rajkotiankg+ pending
- In buyback, does it matter if buyback request is placed on last date or on the first date?
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https://console.zerodha.com/portfolio/corporate... we just have to enter the number of shares here that we want to buyback and its done? tcs sent a tender form for demat shares in mail, do we need to fill and scan it and then send it to tcs or will zerodha take care of everything?
- As per this page
https://console.zerodha.com/portfolio/corporate...there are charges of 20+gst. These will be deducted from zerodha brokerage account? Any other charges besides this?
- As per tcs mail the buyback start date is from Friday but as per zerodha corporate page it is Offer start date 2023-11-29 17:42:00 How come?
- Under demat authorisation, isnt eDis more secure than DDPI/POA? What option have you guys enabled in your account?
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@Demon_slayer paji you mentioned in other thread that on buybacks there is no stt, stamp duty and that they are tax free for investors. Suppose profit is 1k from buybacks then it won't be added into gross income at the time of filing ITR? In that example the guy was holding it for 2+ years, what if one bought it 6 months ago?
- A different question, what is the meaning of auctions under bids in zerodha? it is showing only 2 stocks from the total holdings there with number mentioned like #20 #400 etc.
claim tax exemption under 10(34)A
but i applied for all 30 shares and 21 shares was approved.
Try your luck
But the thing is, not everybody who has the stock is going to apply for buyback. Most people are blissful unaware there is a buyback going on, some people are in it for the long term then there are institutions like mutual funds that wouldn't likely participate.
So, the actual no. Of people who apply are much less than the total no. Of shareholders. So your new entitlement gets higher after the application ends what you received in you mail was decided with everyone who has the stock in consideration. It's premature.
You will always get atleast 1 share bought back, chances are more than entitlement.
You are definitely eligible @ arko1983650. Probably have to apply in HNI category as the stock holding is more than 2lacs. Acceptance is like 1/3 in that category but it's something right?