https://www.taxtmi.com/circulars?id=5098 Paragraph 4 of Article 13 allocates exclusive taxing rights over capital gains from property not covered by earlier subparagraphs to the State of residence of the person deriving the gains; accordingly, capital gains realised by a Mauritius resident from the alienation of shares are taxable only in Mauritius under Mauritius law and not taxable in India. Paragraph 5 defines "alienation" to include sale, exchange, transfer, relinquishment, extinguishment of rights or compulsory acquisition. en-us Wed, 30 Mar 1994 00:00:00 +0530 Sat, 09 Aug 2008 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5098 Paragraph 4 of Article 13 allocates exclusive taxing rights over capital gains from property not covered by earlier subparagraphs to the State of residence of the person deriving the gains; accordingly, capital gains realised by a Mauritius resident from the alienation of shares are taxable only in Mauritius under Mauritius law and not taxable in India. Paragraph 5 defines "alienation" to include sale, exchange, transfer, relinquishment, extinguishment of rights or compulsory acquisition. Circulars Income Tax Wed, 30 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5098