Fact of the case:
Two Indian residents formed a company in
Issue:
-
What will be the tax implications on the BVI Co if it sells property held in
- What will be the treatment of the rental income earned from the property? Also can it be set off against the interest paid on loan taken to acquire property.
- What will be the tax treatment in the hands of resident Indians if the company BVI Co is sold?
CAclubindia
