banner_ad

Capital gain on trasfer of shares

This query is : Resolved 

07 May 2013 the assessee is an NRI started a 8 companies to purchase a 110 acres of land with an intention to start a metal crushing unit for an amount of 5 crores.
Now asessee obtained a licence for metal crushing unit but now he got a good offer for out purchse of his shares in the comapany the entire shares in 8 companies should be transferd and the long term capital gain comes around 10 crores. THE PURCHASER COMPANY IS A FOREIGN COMPANY. pls advise me about the tax planing on capital gains tax.

thanks in adavance

07 May 2013 Investment through Sec.54 ,54EC and similar sections.


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


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details