Tax savings
This query is : Resolved
Moothedath
(Querist)
12 March 2014
one of my friend is having investment in stock of Indian companies. he is an nri and investment is made from nri account. tds u/s 195 is deducted for him. is there any way to save tax
Nikhil Kaushik
(Expert)
13 March 2014
well the option save tax is to make losses!
just joking..check for the treated under relevant DTAA. if there is no relief under DTAA, then no saving from tax...also I believe you are making short term profits...so there is no tax saving mechanism for the same
just joking..check for the treated under relevant DTAA. if there is no relief under DTAA, then no saving from tax...also I believe you are making short term profits...so there is no tax saving mechanism for the same
Moothedath
(Expert)
13 March 2014
Thank you boss
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