https://www.taxtmi.com/circulars?id=10003 TDS must be deducted on compensation remitted to non-resident shareholders as these amounts are capital receipts liable to capital gains tax; withholding is required under Section 195(1). If the payer believes only part is taxable, an application under Section 195(2) may be made to have the Income-tax Officer determine the taxable portion, and tax is then deducted only on that portion. Calculation guidance for cost of acquisition for shares before and after 1 January 1954 is provided, and companies must furnish required information to Income-tax Officers for determination. en-us Wed, 14 Mar 1973 00:00:00 +0530 Mon, 13 Jun 2011 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10003 TDS must be deducted on compensation remitted to non-resident shareholders as these amounts are capital receipts liable to capital gains tax; withholding is required under Section 195(1). If the payer believes only part is taxable, an application under Section 195(2) may be made to have the Income-tax Officer determine the taxable portion, and tax is then deducted only on that portion. Calculation guidance for cost of acquisition for shares before and after 1 January 1954 is provided, and companies must furnish required information to Income-tax Officers for determination. Circulars Income Tax Wed, 14 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10003