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Capital gain

This query is : Resolved 

17 April 2014 Shareholder of private ltd company sold their shares to a foreign citizen. Sale consideration will received in foreign currency from outside India.

Guide me on following issue.
1. Tax implication on this transaction, whether capital gain will taxable.
2. Guide for details procedure for the issue

18 April 2014 taxable in India. treatment same as sale of any share in a private compay.



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