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.
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