Tds on buyback of shares from foreign investor

Harish Naidu (Job) (193 Points)

04 October 2011  


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