Sale of Shares of Indian Pvt Ltd
This query is : Resolved
Quick Summary
13 December 2023
C Pte Ltd is a Singapore registered private limited Co. holding 49999 shares out of 50000 shares of Indian Pvt Ltd company. C Pte Ltd want to sell its entire share ( 49999 ) to its 100% Holding company G Pte Ltd.
Can C Pte ltd sell its share at face value ?? i..e INR 10 per share which is way less than its calculated share value which comes to approx INR 80
Can C Pte ltd sell its share at face value ?? i..e INR 10 per share which is way less than its calculated share value which comes to approx INR 80
CA R SEETHARAMAN
(Expert)
14 December 2023
It ensures that the transaction between ‘related’ parties is at a price that would be comparable if the transaction was occurring between unrelated parties.
The following sections of the Income Tax Act, 1961 apply to international transactions in terms of transfer pricing.
Section 92 of the Income Tax Act, 1961
The following sections of the Income Tax Act, 1961 apply to international transactions in terms of transfer pricing.
Section 92 of the Income Tax Act, 1961
18 December 2023
How section 92 of Income tax Act 1961 will be applicable here ? as sale & purchase is happening between 2 Singapore companies
CA R SEETHARAMAN
(Expert)
19 December 2023
In such a case it will not be applicable.
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