Foreign taxation

This query is : Resolved 

21 December 2012 If a company in netherlands wants to issue shares of Euro 1 each at a premium of Euro 100 to a xyz co. (resident) and later on the xyz co. sells these shares at euro 1 each to existing shareholders?

please tell me impact of the transaction under income tax law and company law

22 December 2012 That transaction is covered under FEMA along with ,income tax, wherein it shall not be possible to do so.

Anuj
femaquery@gmail.com



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