Tax Deduction on Capital Gains: withhold income-tax equal to tax computed under section 115 when paid to certain foreign companies. Amendment provides that deduction of income-tax at source from any sum being capital gains (other than short-term) paid to a company that is neither an ... Summary
Tax Deduction on Capital Gains: withhold income-tax equal to tax computed under section 115 when paid to certain foreign companies.
Amendment provides that deduction of income-tax at source from any sum being capital gains (other than short-term) paid to a company that is neither an Indian company nor one having prescribed arrangements for declaring and paying dividends in India shall be equal to the income-tax on such sum calculated under clause (i) of section 115.
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