Nri share transfer
This query is : Resolved
CA Sanil Joseph
(Querist)
20 August 2013
My client is having a statue of non resident wish to transfer their shareholding in Indian private company to another NRI.
1. whether the transaction comes under automatic route..??
2. whether there is any restriction on fixing transfer price of shares..??
3. Whether the payment/receipt on account of this transaction can be done abroad..?? any intimation to be given to RBI..???
4. What will be the tax applicable...??
Please reply.. its urgent...
1. whether the transaction comes under automatic route..??
2. whether there is any restriction on fixing transfer price of shares..??
3. Whether the payment/receipt on account of this transaction can be done abroad..?? any intimation to be given to RBI..???
4. What will be the tax applicable...??
Please reply.. its urgent...
CA Kumar Mukesh
(Expert)
20 August 2013
I Can answer only for 4 query regarding Taxation
Gain/losses if any will be taxable under Capital gain.
For Long Term Capital Gain, holding period of shares should Exceed one year & it will be taxable at the rate of 20%
Other than it will taxable at normal slab rate.
I Can answer only for 4 query regarding Taxation
Gain/losses if any will be taxable under Capital gain.
For Long Term Capital Gain, holding period of shares should Exceed one year & it will be taxable at the rate of 20%
Other than it will taxable at normal slab rate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
