Transfer of shares

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CA
1469 Points Posted on 16 September 2020
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??
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On 16 September 2020 at 20:21 Report
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This discussion concerns the taxability of capital gains arising from the transfer of shares. Specifically, it questions where tax will be levied and at what rate when a member of a US company (Company A), which has an Indian subsidiary (Company B), sells a 20% stake to another US-based company (Company C). The applicability of tax depends on the residency of the member selling the shares.

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Company Secreatary
3186 Points Posted on 17 September 2020

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.

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On 17 September 2020 at 11:57
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CA
1469 Points Posted on 19 September 2020
No, A's member are not indian resident
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On 19 September 2020 at 21:15
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Company Secreatary
3186 Points Posted on 21 September 2020

In USA if USA IT Act has any such provisions for tax Capital gain

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On 21 September 2020 at 09:09

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