21 September 2007
Hello Sir, What is the Rate of capital gain tax and how we calculate tax liability st time of tranfering the share by a non resident to a foriegn company which is going to take over the existing company. existing company is a private company the nri has shares in the company
22 September 2007
The real issue is the place of transfer of shares . If the place of transfer is not India , the income from transfer does not accrue or arise in India . Then the income is not taxable in India in the hands of NRI. Now the issue is how it can be planned ............
CAclubindia
