Which one of the following situations best reflects ‘Indirect Transfer’ often talked about in media recently with reference to India?
a. An Indian company investing in a foreign enterprise and paying taxes to the foreign country on the profits arising out of its investments.
b. A foreign company investing in India and paying taxes to the country of its base on the profits arising out its investment.
c. An Indian company purchases tangible assets in a foreign country and sells such assets after their value increases and transfers the proceeds to India.
d. A foreign company transfers shares and such shares derive their substantial value form assets located in India.