https://www.taxtmi.com/forum/issue?id=3735 Whether withholding tax arises when a foreign buyer pays a foreign seller for long term shares of an Indian company and no DTAA exists; the query asked if Section 195 applies and at what rate. Respondents opined no TDS should be deducted because the payment between nonresidents was not regarded as income chargeable in India, and that withholding would be relevant if the payer were resident. en-us Tue, 17 Jan 2012 22:07:35 +0530 Thu, 23 Jan 2025 15:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3735 Whether withholding tax arises when a foreign buyer pays a foreign seller for long term shares of an Indian company and no DTAA exists; the query asked if Section 195 applies and at what rate. Respondents opined no TDS should be deducted because the payment between nonresidents was not regarded as income chargeable in India, and that withholding would be relevant if the payer were resident. Discussion-Forum Income Tax Tue, 17 Jan 2012 22:07:35 +0530 https://www.taxtmi.com/forum/issue?id=3735