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Transfer of shares
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 (3)
Your Question is OK but A's member who sells 20% shares to C is Indian and residing in India right now? because applicability of taxa will be decided on that basis.
No, A's member are not indian resident
In USA if USA IT Act has any such provisions for tax Capital gain
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