Vodafone
This query is : Resolved
Vivek Raju P
(Querist)
05 January 2011
The IT department has held that Vodafone was an assessee in default for failure to deduct TDS. On the capital gains arising from the transfer of assets in India even though it was a sale of shares in Cayman Islands intermediary.
What section will this fall under.. I dont see 195 is applicable to capital gains.
Can any one explain which section this will come under.
What section will this fall under.. I dont see 195 is applicable to capital gains.
Can any one explain which section this will come under.
CA. Anuj Gupta
(Expert)
09 January 2011
The sectiona is 9(1)(i). Also section 195 is applicable for income arising in India to a Non resident.
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