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Tds on payment to nri

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(Querist)
18 December 2014 The NRI transfers his shares to an individual resident in India. Will TDS be deducted at the time of payment and what are the provisions of Income tax attracted?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 December 2014 is it a sale of shares by nri.........
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Divya Prasad

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Divya Prasad (Querist)
18 December 2014 Yes, the shares are being purchased by an individual



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 December 2014 there is no tds on sales and purchase transactions
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Divya Prasad

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Divya Prasad (Querist)
18 December 2014 and what if there is transfer of the shares???
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 December 2014 only when services are involved tds concept plays the role, in this case also it will not
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 December 2014 TDS applicable refer section 195 of IT Act.
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Rupesh Jain

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Rupesh Jain (Expert)
18 December 2014 THERE IS NO PROV FOR TDS ON SALES PRICE.




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