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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Sale by a Mauritian company of the shares held by it in an ...


Indian Shares Sold to Cyprus Firm: Capital Gains Taxed Only in Mauritius Under India-Mauritius DTAC Article 13(4.

August 7, 2012

Case Laws     Income Tax     AAR

Sale by a Mauritian company of the shares held by it in an Indian company to a Cyprus company - the transactions which give rise to capital gains, can be taxed only in Mauritius, in view of paragraph 4 of Article 13 of the India-Mauritius DTAC - AAR

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