TDS ON SHARES PURCHASE FROM NRI
This query is : Resolved
27 December 2010
My company has brought another company who's owner is NRI and he residing in USA.
My query is if pay amount to NRI for purchase of shares of his company. Is there any tax / TDS to us?
My query is if pay amount to NRI for purchase of shares of his company. Is there any tax / TDS to us?
28 December 2010
Yes the TDS on the same is deductible u/s 195 as the income accrues and arises in India.
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