MNCS GET TAX BREATHER ON ASSET SALE

Ravikumar.G , Last updated: 04 October 2007  
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Foreign companies selling assets in India could end up enjoying a concessional rate of capital gains tax of 10% even if these companies enjoy the foreign currency fluctuation benefit.This follows the ruling by the Authority for Advance Rulings (AAR) in the Timken (France) case, where it has held tha

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Published by

Ravikumar.G
(Consultant)
Category Income Tax   Report

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