capital gain

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 May 2011 Indian company had made investment in 49% shares of foreign company during 2007-08. Now the Indian company want to sell the share to foreign company from which it had purchased.

Please advise on Income Tax/FEMA issues.


29 May 2011 SINCE THE PERIOD OF HOLDING IS MORE THAN 12 MONTHS HENCE LTCG WILL ARISE
IT WILL BE TAXED AT 20 PERCENT

CA MANOJ GUPTA
JODHPUR
09828510543

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 May 2011 Dear Mr.Gupta

The company can sell the shares from whom the same were purchased. any restriction in income tax?


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details