Ramakrishna (student) (88 Points)
03 March 2014Is there a Capital Gain liability on Acquisition of Indian Company by a Foreign Company??
Thanks in Advance
SHASHANK AGARWAL
(self employed)
(114 Points)
Replied 04 March 2014
Yes
It amounts to cap gains in hands of the Indian Co. since shares of the same are transferred to the foreign company.
for further queries :https://knowyourtaxation.blogspot.in/
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