Clarity on Indirect Transfers
DOI:
https://doi.org/10.33516/maj.v49i10.66-67pAbstract
Transfer of Shares located in India between two non-resident companies can give rise to no liability for capital gains tax of the ground that the overseas transfer of shares amounted to a transfer of the underlying assets in India. This position is well known and was reiterated in such cases like Carrasco investments Limited vs. Special Director, Enforcement Directory 79 company cases 631(Delhi) and Venkatasamy Naidu vs. Enforcement Directorate AAR 1992 (Mad) 235.Downloads
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Published
2014-10-01
How to Cite
Ramanujam, T. C. A., & Sangeetha, T. C. A. (2014). Clarity on Indirect Transfers. The Management Accountant Journal, 49(10), 66–67. https://doi.org/10.33516/maj.v49i10.66-67p
Issue
Section
Taxation