Taxation of Long Term Capital Gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2010 What is the tax treatment for long term capital gain on sale of US company's shares?

The assessee is Indian Resident and has received the funds in Rupees.

Is any tax exemption available as per India-US treaty?

taxindiaconnect

taxindiaconnect (Expert)
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19 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. No exemption available for such capital gains as per DTAA between India and USA.