Framework for setting up of Wholly Owned Subsidiaries by Foreign Banks in India – Taxation matters https://www.taxtmi.com/news?id=11991 Exemption from capital gains tax applies to gains arising on conversion of an Indian branch of a foreign bank into a wholly owned subsidiary, and the stamp law exempts such conversions and related shareholding transfers from stamp duty when effected in accordance with the prescribed scheme or guidelines; these reliefs should be considered in structuring conversions. en-us Tue, 26 Nov 2013 17:11:08 +0530 Tue, 26 Nov 2013 17:11:08 +0530 TaxTMI RSS Generator Framework for setting up of Wholly Owned Subsidiaries by Foreign Banks in India – Taxation matters https://www.taxtmi.com/news?id=11991 Exemption from capital gains tax applies to gains arising on conversion of an Indian branch of a foreign bank into a wholly owned subsidiary, and the stamp law exempts such conversions and related shareholding transfers from stamp duty when effected in accordance with the prescribed scheme or guidelines; these reliefs should be considered in structuring conversions. News - Tue, 26 Nov 2013 17:11:08 +0530 https://www.taxtmi.com/news?id=11991