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TDS on slump sale

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(Querist)
22 December 2010 Dear experts,

sale consideration received in shares for slump sale are considered as Sale consideration for capital gains rite??

Now consider a case where A Ltd (indian co.) purchases an undertaking in india owned by a foreign co. US inc. , the consideration for the same was paid in eq. shares of A ltd.

Now as the capital gains arising from the slump sale in indian fo us inc is taxable in india, A ltd has to deduct TDS u/s 195, but how will A Ltd deduct such TDS???

Please give your comments
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
22 December 2010 TDS is to be deducted on capital gain portion as per applicable rate of TDS.
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
22 December 2010 from total sale cosideration, tds liability on capital gain portion, should be deducted and balance consideration to be used for allotment of shares in A ltd.
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