Taxation of Long Term Capital Gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2010
Sir,
My client has sold the shares of US company and earned long term capital gain.
He has received the funds in Indian Rupees.
Please advise about the Taxation of the Long Term Capital Gain.
My client has sold the shares of US company and earned long term capital gain.
He has received the funds in Indian Rupees.
Please advise about the Taxation of the Long Term Capital Gain.
18 October 2010
From your query it seems that your client is tax resident of India and share are not listed in a recognised stock in India. If yes, then calculate the capital gains as per normal procedure and normal rates.
20 October 2010
hi
Since your client is Indian resident. World wide income chargeable. Sale of shares & income from that is capital gain. But time of holding shares determines whether its LTCG /STCG. If its LTCG, then you can calculate gain accordingly. PLease dont forget to give benefit of exemption under 54EC if he wants to invest
Since your client is Indian resident. World wide income chargeable. Sale of shares & income from that is capital gain. But time of holding shares determines whether its LTCG /STCG. If its LTCG, then you can calculate gain accordingly. PLease dont forget to give benefit of exemption under 54EC if he wants to invest
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