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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Assessment in the hands of representative / agent - Chief ...


Indian Company Not Deemed Agent for Foreign Entity's Alleged Capital Gains; CFO's Role Clarified.

August 17, 2018

Case Laws     Income Tax     HC

Assessment in the hands of representative / agent - Chief Financial officer (CFO) of the non-resident assessee - Merely because those shares related to the Indian company, that would not make the Indian company as agent qua deemed capital gain purportedly earned by the foreign company.

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