Indian ITAT allows strategic dividend distribution in Maersk case

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Indian ITAT allows strategic dividend distribution in Maersk case

Joe Dalton
December 06 2012
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India’s Income Tax Appellate Tribunal (ITAT), Kolkata bench, ruled that distributing dividends immediately before a share sale to reduce capital gains tax liability is acceptable tax planning. But, changes to India’s capital gains tax regime for non-residents mean the scheme will only benefit some taxpayers.

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