Thursday, October 22, 2020

Long Term Capital Gain Tax is not applicable to indirect transfer of Indian Assets: ITAT [Read Order]

Long Term Capital Gain Tax - indirect transfer - Indian Assets - ITAT - TaxscanThe Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that indirect transfer of Indian assets will not attract Long Term Capital Gains Tax (LTCG). The appellant company, Augustus Capital PTE Ltd. is in the business of incubation of companies i.e. providing new businesses, with necessary financial support and technical services. During the course […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3ofu7ns

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