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Sale of shares by non resident to resident

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2013 If shares are sold by a foreign company to an individual at cost of acquisition, what would be the tax impact? dCf valuation will have to be done for income tax and FEMA purposes? Kindly advise? Capital gains would be nil? Tds required to be done.
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CA Sripal Jain

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CA Sripal Jain (Expert)
18 June 2013 no tax in your case,kindly be lil clear with question,if your selling at cost,there shall b no CG
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2013 Shares were allotted at 10 rs and now an individual is purchasing them at Rs 10 after 3 years



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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2013 Dear sir,
Individual has to pay the foreign company sale consideration, will tds be required to be made?

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