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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Computation of long term capital gain on sale of shares – ...


Employee's Share Sale Deemed Taxable as Long-term Capital Gain; Foreign Company Negotiated Higher Price.

March 1, 2014

Case Laws     Income Tax     AT

Computation of long term capital gain on sale of shares – Assessee, an employee, justified the sale of shares at higher price and also explained the circumstances in which the foreign company negotiated and paid that amount - taxable as capital gain only - AT

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