Acquirers ( Indian Company) of shares have acquired shares of a domestic indian company from an NRI shareholder who made this investment in Indian rupees. TDS shall be applicable on such payment to be made to this NRI. Need advise on the applicable sections plus the tax rate applicable.
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TDS on long term cap gains for NRI's
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YES @ 10.30%(11.33% IF THE INCOME EXCEEDS RS. 10 LACS) U/S 195
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