When a capital asset located in India is sold by a non-resident to another non-resident at a place outside India, the capital gain is taxable:

CS Executive · Tax Laws and Practice · PYQS · June 2017
When a capital asset located in India is sold by a non-resident to another non-resident at a place outside India, the capital gain is taxable:
(A) at the place of transferor
(B) at the place of transferee
(C) at the place of location of asset
(D) at the place of both transferor and transferee

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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