Taxability
This query is : Resolved
02 December 2009
Dear Experts, pls suggest abt following.
Company (X) is holding 100% shares in Company (Y). Company (X) authorises one company (Z) to subscribe to 10% shares in (Y), in a way (X) is diluting its interst by 10% in favour of (Z).
Will above transaction be taxable in anyones hand ?
Company (X) is holding 100% shares in Company (Y). Company (X) authorises one company (Z) to subscribe to 10% shares in (Y), in a way (X) is diluting its interst by 10% in favour of (Z).
Will above transaction be taxable in anyones hand ?
03 December 2009
It will be treated as capital gain in the hands of Company X
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