27 November 2009
X CO Ltd is a company in china. A Pvt Ltd is a company in India. 100% equity in Indian Company is owned by the foreign company. If Indian Co. goes ahead with buy back of shares, and if there is gain for the foreign company on such buy back how is it taxable? And what is the rate of TDS to be deducted by Indian Company before remitting amount to foreign company?
CAclubindia
