TDS on Sale of Shares by Non resident

[LAKSHMINARAYANAN TR]

Hi

Can anyone do let me know, whether do we (resident indian) need to deduct TDS on purchase of non quoted equity shares from Non Resident - at PAR value.

Regards

T R Lakhsminarayanan.

AI Summary

TDS obligations on purchase of non quoted equity shares from nonresident: determine withholding applicability for resident buyers. Whether a resident purchaser must deduct tax at source when acquiring non quoted equity shares from a nonresident seller at par value is the central question, focusing on whether the payment qualifies as a sum chargeable to tax that attracts statutory withholding obligations for the buyer.