Converting reserves into equity of company outside india
This query is : Open
02 June 2015
if a indian company converts reserves in foreign compnay into equity will there be any tax implication to indian holding company. the foreign company is in Singapore.
02 June 2015
Pl share more details prima facie no tax implication
15 June 2015
The Indian Company is the Holding company of Singapore Subsidiary and Singapore Subsidiary wants to convert reserves to Equity by issuing Bonus Shares. Is the Bonus Shares tax free or taxable in india to Indian holding company.
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