Information

As per Section 112(1)(c) of the IT Act, the tax rate on long-term capital gains on the sale of shares of a closely held company to a non-resident seller is 10% plus applicable surcharge (without indexation benefits). Shares held for over 24 months qualify as a long-term asset.

Advisory on private fund structures (including private equity, debt funds, real estate funds, infrastructure funds and funds of funds) and on private equity/infrastructure deals.