Please let me know the taxability of capital gain for sale of shares of a private limited company by a non resident. The shares were allotted to him under automatic approval from RBI and he was holding the share for more than 36 month
Whether SEC 115E will apply or sec 195 will apply to this transaction?
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Capital gain on sale of shares - nri
Replies (1)
Hi,
Taxable under long term capital gain, TDS will be deductible under Sec 195 @ 10%.
For any further query PM or mail me.
Anubhav Jain
anubhavjain176 @ gmail.com
9868729930
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