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Capital gains tax liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 ONE NRI TRANSFERS SHARES IN INDIAN COMPANY TO ANOTHER NRI, AND SALE PROCEEDS REPATRIATION TO FOREIGN.THE GAIN IS LONGTERM CAPITAL GAIN.WHETHER THE NRI (TRANSFEROR) HAS TO PAY 20%OR 30%.IS IT SUFFICIENT IF HE PAYS 20% OR ADDITIONALLY HAS TO PAY 30% FOR REPATRIATION.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 August 2014 there is no tax on repartiatation but needs to check if its ltcg or stcg for rate
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 August 2014 you should be covered under section 112(c) of the Income-tax Act 1961
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