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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2012 Dear All,

Kindly guide me the following case.

"M/s A Ltd" - Foreign Company
"M/s B Ltd" - also Foreign Company
"M/s C Ltd" - Indian Company

Shares of "M/s C Ltd" held by "M/s A Ltd" which sold to "M/s B Ltd".

What is the TAX implication in India in the hands of C ltd ?

Indian Company shares sold by one foreign company to another foreign company, what is the tax implication in the hand of Indian company?

Thanks in Advance
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@VaibhavJ

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@VaibhavJ (Expert)
14 December 2012 Hi

There is no tax impact in the hands of Indian co. since transaction happened between two foreign co.

thanks//Vaibhav

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