capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2011
Indian company had made investment in 49% shares of foreign company during 2007-08. Now the Indian company want to sell the share to foreign company from which it had purchased.
Please advise on Income Tax/FEMA issues.
Please advise on Income Tax/FEMA issues.
29 May 2011
SINCE THE PERIOD OF HOLDING IS MORE THAN 12 MONTHS HENCE LTCG WILL ARISE
IT WILL BE TAXED AT 20 PERCENT
CA MANOJ GUPTA
JODHPUR
09828510543
IT WILL BE TAXED AT 20 PERCENT
CA MANOJ GUPTA
JODHPUR
09828510543
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2011
Dear Mr.Gupta
The company can sell the shares from whom the same were purchased. any restriction in income tax?
The company can sell the shares from whom the same were purchased. any restriction in income tax?
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