LTCG on Sale of Shares by Mauritius Company Not Liable to Be Taxed in India: ITAT [Read Order]

The ITAT held that since the investments were made by the assessee, a Mauritius company holding a valid TRC, the resultant capital gain is not liable to be taxed in India.
By Yogitha S. Yogesh - On July 29, 2024 6:21 pm - 2 mins read
Itat - itat news - Sale of Shares - Mauritius Company - Not Liable - tax news - itat on ltcg - itat about ltcg - ltcg about Mauritius Company - ltcg news - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Long-Term Capital Gain (LTCG) on sale of shares by Mauritius Company is not liable to be taxed in India. Superb Mind Holdings Ltd., the assessee is registered in Mauritius and is holding a tax residency certificate of Mauritius. The assessee is in the…

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