Capital gains on sale of shares in indian susbsidiary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2013
Hi,
There is a US Company having its WOS in India. That US company wishes to transfer/sell its shares held in Indian Subsidiary, to another US company. The subsidiary was acquired around 18 months back. What is the Captil Gains tax liability payable in India? Is there any TDS liability to the buying foreign Company?
Your early reply is highly appreciated.
Regards
There is a US Company having its WOS in India. That US company wishes to transfer/sell its shares held in Indian Subsidiary, to another US company. The subsidiary was acquired around 18 months back. What is the Captil Gains tax liability payable in India? Is there any TDS liability to the buying foreign Company?
Your early reply is highly appreciated.
Regards
CA Hardik Bunha
(Expert)
09 December 2013
No TDS liability.
No capital gain tax will be attracted if consideration received outside india.
No capital gain tax will be attracted if consideration received outside india.
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