24 April 2014
what is your tax residence status Pal? as such Singapore has abolished capital gains tax. however, if you are Indian resident, then you need to hold for more than 36 months to be eligible for long term capital gains.
I had incorporated a company in India in 2009. It raised VC capital in 2012 and in Jun 2013 a new company was incorporated in Singapore in which I have been given proportional shares.
I am now selling these shares in Singapore entity in July 2014. And want to understand if there is anyway to avoid the short term tax liability.
24 April 2014
The following article suggests that even for equity shares in unlisted company the holding period is 1 Year to qualify as Long Term Capital Gain.
https://marker.to/2OjL3A
Are the rules different for equity holding in India vs Foreign Companies ?
CAclubindia
