Foreign taxation
This query is : Resolved
Garima Goyal
(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
please tell me impact of the transaction under income tax law and company law
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
Anuj
femaquery@gmail.com
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