October 2019

Non-resident shareholder liable to capital gains tax on transfer of Indian company shares pursuant to conversion of the Indian company into an LLP under the LLP Act The value of partnership interest as represented by capital as well as reserves and surplus is the full value of consideration for computation of capital gains on transfer of shares Value of partnership interest is not same as cost of investment in shares

Geeta Jani | Dhishat B. Mehta
Chartered Accountants

4. Domino Printing Science Plc. AAR No.: 1290 of 2012 A.Y.: 2008-09 Date of order: 23rd August, 2019

 

Non-resident shareholder liable to capital gains tax on transfer of Indian company shares pursuant to conversion of the Indian company into an LLP under the LLP Act The value of partnership interest as represented by capital as well as reserves and surplus is the full value of consideration for computation of capital gains on transfer of shares Value of partnership interest is not same as cost of investment in shares--->

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