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
Yes TDS is to be deducted @ 10%.
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
O P Bagla & Co LLP
New Delhi
CA Inter
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