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
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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