income tax - capital gain
This query is : Resolved
06 January 2009
when a foreign co having shares in an indian co, transfers those shares to another foreign co, what would be tax effect (ie capital gain)....? Atleast give me the section referrences...
06 January 2009
If it transfers in a scheme of Amalgamation or demerger then it will not attract capital gains tax.
06 January 2009
If it transfers not as a part of the amalgamation or demerget, then it attracts capital gains tax.
06 January 2009
thank you for ur quick reply....can u give me any circular reference or section ref....
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