Transfer of shares in private company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2012
Foreign company owns more than 50% shares in indian company through its fully owned company in india and wants to transfer all shares to its another fully owned off shore company.
* Will it attract capital gain?
* Will transfer of share be at amrket value or transferor and transferee can mutually decide?
* Will it attract capital gain?
* Will transfer of share be at amrket value or transferor and transferee can mutually decide?
18 September 2012
please check section 47(iv) of income tax act.
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