Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2014 a person resident in cy and nri in p.y. sold shares in py of a company in dubai (which he created 20 years ago). suggesT:

1. Taxable in cy or py
2. Taxability of capital gain (exempt or not if taxable at what rate)

16 September 2014 it is taxed in the year it was sold.

so should remain non-taxable in India.


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