https://www.taxtmi.com/caselaws?id=34212 The ruling determined that a non-resident company selling shares of an Indian company is eligible for a lower tax rate of 10% on long term capital gains under the first proviso to section 112(1) of the Income-tax Act, even without indexation benefits. The decision clarified that the calculation of capital gains should exclude indexation for the reduced tax rate to apply. This outcome ensures consistency with previous rulings and provides clarity on the tax treatment for such transactions. en-us Thu, 23 Jul 2009 00:00:00 +0530 Sat, 25 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34212 The ruling determined that a non-resident company selling shares of an Indian company is eligible for a lower tax rate of 10% on long term capital gains under the first proviso to section 112(1) of the Income-tax Act, even without indexation benefits. The decision clarified that the calculation of capital gains should exclude indexation for the reduced tax rate to apply. This outcome ensures consistency with previous rulings and provides clarity on the tax treatment for such transactions. Case-Laws Income Tax Thu, 23 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34212