Hello All,
My foreign client (not registered with SEBI) want to invest in foreign currency bonds listed at Foreign Stock exchange issued by an Indian Company. I wanted to know whether any income tax law (Capital gain tax or TDS on payment of interest on bonds) is applicable or not??
If Yes, then at what rate??
Thanks in Advance
GG
no transaction takes place in india, so indian rules does not infilterate the transaction
rules and regulations of that perticular stock exchange or counrty would be applicable
| Originally posted by : U S Sharma | ||
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no transaction takes place in india, so indian rules does not infilterate the transaction rules and regulations of that perticular stock exchange or counrty would be applicable |
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Thanks Mr. Sharma for your reply.
Still have two questions:
1) What about interest payment by Indian company to bond holder, any TDS is applicable or not?
2) What about capital gain on redemption on maturity, if bond is issued at discount and redeem at par/premium?
CAclubindia
