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2008 (2) TMI 24 - AAR - Income TaxPurchase of shares (including bonus shares) by Indian Company from a non-resident company - Indian company can apply for ruling regarding tax liability of non-resident co. on its capital gains - Taxability of Long Term Capital Gain – tax rate u/s 112 is 10% non only for original shares but also applicable for bonus shares - purchase price paid in indian currency does not effect the position
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