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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
