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Capital gain on transfer of share
company A situated in America having subsidiary company B in India company A's member is now selling its 20% stake to company C which is also situated in US, now capital on such transfer will be taxable in which country and at what rate??
Replies (6)
Quick Summary
Hi,
Transfer from a holding company to 100% owned subsidy is not regarded as transfer.
but in your case taxability will be in accordance with DTAA( double taxation avoidance agreement) between other countries and india.
Please, check DTAA agreement between US and india.
Transfer from a holding company to 100% owned subsidy is not regarded as transfer.
but in your case taxability will be in accordance with DTAA( double taxation avoidance agreement) between other countries and india.
Please, check DTAA agreement between US and india.
But here transfer is taking place from holding company in USA and another company C in USA
Hi,
then obviously taxability is applicable with US laws
then obviously taxability is applicable with US laws
How it could be taxable then??
First I thought the transfer is from US company to Indian subsidy, that was a mistake.
Since, transfer is from one US company to another US company, It will be taxable under that country law.
If any transfer or any money comes into india by any way from those companies, it will be treated under DTAA
Since, transfer is from one US company to another US company, It will be taxable under that country law.
If any transfer or any money comes into india by any way from those companies, it will be treated under DTAA
Thank you so much Sir
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