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CAPITAL GAIN

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(Querist)
27 January 2010 If Indian Citizen made Long Term capital gain out of sale of shares of foreign company.
1.What will be tax implication?
2.Is there any other provision which we needs to comply?

Can someone give me the actual section where can I get this answer.
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CA Vijay Kumar Gupta

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CA Vijay Kumar Gupta (Expert)
27 January 2010 if the shares are not listed on any of the stock exchanges in India, then it is taxable @20% on LTCG+ surcharege(if applicable) + Edu. cess+ Hr. edu. cess
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VIJAY

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VIJAY (Querist)
27 January 2010 Is there any other provision which we needs to comply.
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VIJAY

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VIJAY (Querist)
27 January 2010 Is there any other provision which we needs to comply.
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