capital gains query

This query is : Resolved

CA Trinath Galla (Querist)
Follow

30 October 2010 Please suggest.

All shares of a company(Indian Company) held by 3 persons are being sold to an US Company.

In consideration they get sum amount of cash and sum shares in such US company.

Now how should we calculated the sale consideration.

US company is not a listed company to adopt the market value of its shares for calculation???

taxindiaconnect

taxindiaconnect (Expert)
Follow

30 October 2010 Sale consideraton is total amount which has been agreed in cash + agreed value of shares of the US company shares. The price would have been agreed in advance for shares also. Pleace check the FEMA also for non compliance