TaxTMI 
TaxTMI 
Withholding tax on sale of shares on foreign company
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....ithholding tax on sale of shares on foreign company<br> Query (Issue) Started By: - PANKAJ GROVER Dated:- 17-1-2012 Last Reply Date:- 24-1-2012 Income Tax<br>Got 3 Replies<br>Income Tax<br>A Ltd. is a....
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.... foreign company which is holding the shares in an Indian company C Ltd .Now the shares of C Ltd. are sold by A Ltd. to another foreign company B Ltd. for Rs. 100 lakhs (long term). Also there is No D....
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....TAA between the Indian company C Ltd. and the company A ltd.. Here the issue arises that whether the company B Ltd. is required to withhold tax on the payment to A Ltd. and if yes, then at which rate ....
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....and amount. Please also explain the relevant provisions for our reference Reply By shruti mittal: The Reply: as per my opinion: No TDS should be deducted ..... because whatever the amount paid by B....
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.... ltd to A ltd .. not considered as an income which is chargeable under income tax...Consider all provsions of TDS as a whole. Reply By PANKAJ GROVER: The Reply: Thanks Shruti for your reply, our con....
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....cern is whether provisions of Section 195 are applicable to such transaction and withholding tax needs to be deducted. Thanks Pankaj Grover Reply By deepak gulati: The Reply: The TDS / WHT is not a....
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....pplicable as both the parties are non residents, had payer been Resident Tax was to be deducted.<br> Discussion Forum - Knowledge Sharing ....