On may 10 2016,X Ltd purchases its own shares(face value ₹ 10,amount offered to shareholders:₹90 per share)total amount distributed by X ltd .On buy back of 20,000 shares is ₹1800000. These shares were issued in 1998-99 at a premium of ₹15. A is one of the shareholders he holds 2000shares(cost of acquisition is ₹ 27 per share , year of acquisition 2004-05)he gets ₹ 180000.