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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Transfer of the 74% shares to the Singapore company - ...


Singapore Firm's 74% Share Transfer Exploits India-Singapore DTAA for Tax Benefits, Utilizing 'Treaty Shopping' Strategy.

March 22, 2013

Case Laws     Income Tax     HC

Transfer of the 74% shares to the Singapore company - transactions were part of a design of 'treaty shopping' as having regard to the DTAA between India and Singapore, the capital gain would only be taxed at Singapore and not in India. - HC

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