| <img border=0 src="http://shivnath.c.googlepages.com/Google.JPG"/>Receiving money as gift is not taxable - Hindu Business Line Posted: 22 Oct 2011 08:14 AM PDT 
Hindu Business Line |
Receiving money as gift is not taxableHindu Business LineAccordingly, the capital gain/loss should be calculated as (Net sale value for a share less cost ie FMV for a share) multiplied by the number of shares sold. As the sale of the shares has taken place outside India, the capital gain has accrued outside ...and more » |
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