Capital gains

This query is : Resolved 

07 February 2014 xyz limited in uk purchased share in abc pvt limited in india.now xyx limited is selling shares to an individual in india.is xyz limited liable to pay tax on gains arising from sale of shares in india.and is individual liable to deduct tds on gross amount payable to xyz limited

07 February 2014 yes very much....however with regards to TDS on such capital gains you need to refer section 195 read with 115E.

13 February 2014 yes correctly said sec 195 rw 115E is applicable.


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