Taxation of Long Term Capital Gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2010
What is the tax treatment for long term capital gain on sale of US company's shares?
The assessee is Indian Resident and has received the funds in Rupees.
Is any tax exemption available as per India-US treaty?
The assessee is Indian Resident and has received the funds in Rupees.
Is any tax exemption available as per India-US treaty?
taxindiaconnect
(Expert)
19 October 2010
From your query it seems that your client is tax resident of India and share are not listed in a recognised stock in India. If yes, then calculate the capital gains as per normal procedure and normal rates. No exemption available for such capital gains as per DTAA between India and USA.
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