We seek a consultation/opinion for the indirect transfer of shares under the Indian Income Tax Act.

The transaction description is as follows.

1. Holding company (USA Based) is getting sold
2. Shares of a Subsidiary Indian company will change ownership because of the above transactions (Indirect transfer of shares)
3. The company as a whole does not derive any significant value from the Indian company.

We are looking for an opinion on capital gain exposure on this transaction and the tax compliances required in this case.

Respected Experts

I need Format of Gift deed as gift from Father to son through cheque amount

our eduction instutute. We hired driver only for our own vehicle for 2months only, it is necessary to deduct TDS

Respected team,
requested to confirm whether Donation through JOINT NAMES to SRI BALAJI AROGYA VARA PRASADINI SCHEME run by Tirumala Tirupathi Devasthan for an amount of Rs.50,000/- by D.D. is entitled for 100% INCOME TAX REBATE under section 80G

Sir, One of my client Mr.A had paid Rs. 20.00 Lakh to one Mr.B as unsecured loan vide bank transaction during FY 2012-13. Can Mr.B file a money suit against Mr.A for recovery of said loan. If yes, what proof Mr.B will have to submit in the court ? Whether mere bank transaction will serve the purpose ? And what will be the cause of action for the suit ?

One of my client is Resident Indian and he received enhanced compensation from Compulsory acquisition of Land by State Govt. He wants to Gift the same money to his NRI Son.
1. Whether it is taxed as per Gift Tax or Income Tax act to Father or NRI son or Not Taxable as exceeding 50000/.
2. How the same money can be remitted to USA. Under LRS scheme.
3. Whether the same money be taxable in USA to NRI son or Not.
4. Whether gift to NRI relative exceeding 50000 is taxable to NRI in India or not.
Pl guide.

Hi ,
There are crores of people in India who have PAN. Most of them who are below or just above BPL line may not be knowing the overall importance of PAN. They might be holding it unknowingly as they would be having a bank account. Most of them might be unaware of PAN-Aadhaar linking on IT portal.
If Aadhaar and PAN are not linked there is fine of Rs.1000 and sooner if not linked, PAN will be inoperative.Fine of Rs.1000 might seem a small amount but would matter to these people and if PAN becomes inoperative they may come to know about it later while for trying some financial transaction or taking some government benefit.

What is the remedy for this ?
Can they still apply for a new PAN if it gets inoperative?

Sir, My relative is a government employee and got salary Rs 2865716 in 2022-23 and deposited Rs 180000 in his GPF account. Now my question is that can he avail the employer contribution (Employer's PF share (12% of Basic+DA) ) or not in both regime

Dear experts is income tax exemption applicable if SEZ unit relocate from One SEZ to anthoer SEZ or should we get new SEZ certificate from the relocated SEZ ( i.e Visakhapatnam)

I have applied for GST registration; the GST officer raised a query that rent agreement shall be registered with sub registrar. But to register that the cost is high so I don't want to do that. Now I want to apply for a new registration with address proof as a consent letter. Can I apply now since my one application is pending? Because I want GSTIN on urgent basis & to reject an earlier application dept. will take a time of week & I don't want to wait till that time.