Income tax on foreign company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 November 2013
RESPESTED SIR PLS GUIDE ME TAX TREATMENT ON THIS POINT
FOERIGN COMPANY HAVE 15% SHARE IN INDIAN COMPANY ,NOW THEY ARE SELLING THESE SHARES TO INDIAN COMPANY IN INDIA,AND GOT LONG TERM CAPITAL GAIN.NOW FOREIGN COMPANY HAVE TO PAY LTCG ,BUT INDIAN COMPANY WHILE PAYING SALE PROCEEDS TO FOREIGN COMPANY WILL DEDUCT THE TDS UNDER SECTION 195 AS THE REPRESETATIVE ASSESEE,AND IF TDS PAID BY INDIAN COMPANY ON BEHALF OF FOREIGN COMPANY WILL THIS TDS BE ADJUSTED WILL PAYING LTCG.
FOERIGN COMPANY HAVE 15% SHARE IN INDIAN COMPANY ,NOW THEY ARE SELLING THESE SHARES TO INDIAN COMPANY IN INDIA,AND GOT LONG TERM CAPITAL GAIN.NOW FOREIGN COMPANY HAVE TO PAY LTCG ,BUT INDIAN COMPANY WHILE PAYING SALE PROCEEDS TO FOREIGN COMPANY WILL DEDUCT THE TDS UNDER SECTION 195 AS THE REPRESETATIVE ASSESEE,AND IF TDS PAID BY INDIAN COMPANY ON BEHALF OF FOREIGN COMPANY WILL THIS TDS BE ADJUSTED WILL PAYING LTCG.
15 November 2013
yes. it will be covered under 195 read with the relevant DTAA. the TDS will be adjusted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- LIC maturity claim whether taxable
- Journal entry of busniess expenses
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
