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Foreign taxation

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(Querist)
21 December 2012 If a company in netherlands wants to issue shares of Euro 1 each at a premium of Euro 100 to a xyz co. (resident) and later on the xyz co. sells these shares at euro 1 each to existing shareholders?

please tell me impact of the transaction under income tax law and company law
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
22 December 2012 That transaction is covered under FEMA along with ,income tax, wherein it shall not be possible to do so.

Anuj
femaquery@gmail.com
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