The 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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