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Capital gains on sale of shares in indian susbsidiary

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2013 Hi,
There is a US Company having its WOS in India. That US company wishes to transfer/sell its shares held in Indian Subsidiary, to another US company. The subsidiary was acquired around 18 months back. What is the Captil Gains tax liability payable in India? Is there any TDS liability to the buying foreign Company?
Your early reply is highly appreciated.
Regards

09 December 2013 No TDS liability.

No capital gain tax will be attracted if consideration received outside india.




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