Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Harish Naidu (Job)     04 October 2011

Tds on buyback of shares from foreign investor

Hi,

Our's is a Pvt Ltd Company.  A forein company has invested in our company a year back, now company want to buyback some of the shares from Foreign Company.  Please let me know whether TDS is applicable at the time of remittance to Foreign Company for buyback of shares.  If it is applicable what is percentage?

 

Thanks in advance



 2 Replies

CS Bijoy

CS Bijoy (Expert)     10 October 2011

Yes TDS is to be deducted @ 10%.

CA. Anuj Gupta

CA. Anuj Gupta (Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)     28 October 2011

TDS shall be leviable @ 20% plus education cess u/s 112(c),provided the shares are held by foreign investors for more than one year.

 

Anuj

+91-9810106211

femaquery @ gmail.com


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags