Section 112(1) Capital gain to Non Resident arising from Sale of Shares of Indian Listed Company
Reference :Section 112, read with section 48, of the Income-tax Act, 1961 and article 14 of the Double Taxation Avoidance Agreement between India & UK/Article 13 of OECD Model Tax Convention Subject Capital gains – Tax on long term capital gains [Equity shares] Assessment year 2010-11 Facts of the Case: Petitioner-Scottish company transferred 4.36 crore… Read More »