A question, for stocks normally sold and not in buyback, from the realized profit do we subtract all the charges while showing the figure in ITR? And for losses do we add these charges and show that figure?
paji how many accepted and are you reinvesting at current levels?
seems taxes are borne by the stock holder paji
Consideration for the Equity Shares accepted in the Buyback is credited to your bank account. If your bank account details are not available or if the fund transfer instruction is rejected by the RBI or relevant Bank, due to any reasons, then the amount payable to you will be transferred to your broker for onward transfer to you. Applicable taxes, charges, stamp duty and expenses (including brokerage), if any, may be deducted from the consideration paid to you. The Manager to the Buyback and the Company accepts no responsibility to bear or pay any additional cost, applicable taxes, charges, stamp duty and expenses (including brokerage), and such costs will be incurred solely by you.
Can you share any link that says that there will be no income tax impact?
How to apply for buyback in Groww?
@Demon_slayer @Jarvis.-. @malikcool @legend101 @Rajkotian
under portfolio analytics> insights zerodha asks if a user wants to share holdings with tickertape to provide analytics. is it safe to do so? what analytics do they provide if anyone has shared it?
@kukdookoo Auction means, when someone shorts/sells the share which they don't have with them in Demat, but delivery is supposed to be given then they have to buy it from the auction market where someone else will give their shares with higher price than the market.
Generally Brokers settles this internally, but Zerodha gave an opportunity to everyone to participate in Auction and offer their shares for the higher than the market prices.
Demand for such shares changes on the daily basis. So you will see different names and quantity eligible.
can I apply in buyback or it seems my chances are zero
I have bought only 1 share of TcS and I received a mail that my shares which are eligible are zero.
What does that mean ?
That means TCS is not offering you assured buyback quantity. You can still offer whatever shares are with you. If not everyone gives their shares in buyback, then there are chances that yours will be accepted.
You can place request until last minute, it doesn't matter.
Yes, that's the procedure, no need to do anything else .
That's zerodha's brokerage charge, nothing else I think.
Zerodha will probably collect the applications and submit it starting next date.
e-dis is secure I guess. I never gave poa, have always used e-dis.
As for income tax, you should add it your gross income and declare it as exempt.
Auctions are done when you are in short position and couldn't cover it. But you are saying your holding is shown as auction? Am I right?
As for income tax, you should add it your gross income and declare it as exempt
how to declare it as exempt? i mean in which section to show it as exempt in itr1 and itr2?
Auctions are done when you are in short position and couldn't cover it. But you are saying your holding is shown as auction? Am I right?
not the tcs one but other stocks, no trading here. Why is it showing like that?
5. Always use 'edis' until n unless you don't have ample time and can't do OTP verification (Like Phone Trading).
6. No tax for individual investor. The company pay the tax on complete buyback value.
7. TCS - Entitled Ratio 17%. So, they will buy only 17% of your complete holding
1. NO
2. put no of shares and submit ...zerodha will take care of everything
3. 20+gst will deducted from zerodha account no other charges
4. zerodha collect all order then sent at the last day or as per their own system so they allow bidding even before actual date
5. yes edis is more secure
6. whole buyback amount is exempt no profit loss calculation needed doesn't matter when or how much price someone bought the share
7. no idea
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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?