Tds on payment to nri
This query is : Resolved
18 December 2014
The NRI transfers his shares to an individual resident in India. Will TDS be deducted at the time of payment and what are the provisions of Income tax attracted?
18 December 2014
is it a sale of shares by nri.........
18 December 2014
Yes, the shares are being purchased by an individual
18 December 2014
there is no tds on sales and purchase transactions
18 December 2014
and what if there is transfer of the shares???
18 December 2014
only when services are involved tds concept plays the role, in this case also it will not
18 December 2014
TDS applicable refer section 195 of IT Act.
18 December 2014
THERE IS NO PROV FOR TDS ON SALES PRICE.
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