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Foreign remmittance

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(Querist)
20 September 2016 Is TDS deductible on payment made to foreign company for purchase of securities...???
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 September 2016 No TDS applicable on purchase of securities.
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 September 2016 section 195 says TDS for interest or any other income chargeable to tax.
Prima facie, the purchase of securities does not fall in any of above.




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