When a capital asset located in India is sold by a non-resident to another non-res-ident 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:C
When a capital asset located in India is sold by a non-resident to another non-res-ident 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