Capital Gain

This query is : Resolved

Pankaj Khodaskar (Querist)
Follow

19 May 2008 Individual investors holding a US Co. US Co holding an India co. The shares of Indian co distributed by US co to its shareholders as dividends. Eventually, Individual investors hold shares in US co and India CO. I would like to know the capital gains implications on above transaction?
Thanks

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
Follow

21 May 2008 Capital gain arises on transfer of capital asset.

In this case there was transfer of shares of Indian Co to its shareholders by US Co.Assuming the shares were not hold by it as stock in trade .......it was a transfr of capital asset by it.

But the transfer took place in US , where the transfer deed was executed (Assuming).

There is no capital gain tax in the hands of a Non resident in India on transfer of asset in US , because the gain did not arise in India.

Taxability of Divident in the hands of Indian investores is a different issue

T

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aakash Kumar

Devendra Singh Jyala

MAYUR

Sivakumar

DHRUV PATEL

Subscribe Now

Capital Gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA