Peter Pte. Ltd., Singapore (a Foreign Institutional Investor) is a subsidiary company of Zoom Ltd. based on U.K. Peter Pte. Ltd. commenced its…
CA Final · Direct Tax Laws and International Taxation · RTP · September 2025
Peter Pte. Ltd., Singapore (a Foreign Institutional Investor) is a subsidiary company of Zoom Ltd. based on U.K. Peter Pte. Ltd. commenced its activities in India from 01st December, 2024. On 31st March 2025, it earned short term capital gains of 70 lakhs on transfer of listed shares of an Indian company on which STT is paid. How much is the tax payable by Peter Pte. Ltd. on the short-term capital gain of 70 lakhs for the A.Y. 2025-26?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
₹ 14,56,000
Topics: Double Taxation Relief, Capital Gains, Non-Resident Taxation
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