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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Clubbing of Income - Minor
- Regarding Individuals Retuned to India and Resident currently
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- ERROR IN DEPRECIATION CALCULATION IN PREVIOUS YEAR COMPANY'S BOOKS
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
