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Harish Naidu (Job)     04 October 2011

Tds on buyback of shares from foreign investor


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.




femaquery @ gmail.com

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