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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2014 a person resident in cy and nri in p.y. sold shares in py of a company in dubai (which he created 20 years ago). suggesT:

1. Taxable in cy or py
2. Taxability of capital gain (exempt or not if taxable at what rate)
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 September 2014 it is taxed in the year it was sold.

so should remain non-taxable in India.
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