Dear Friends,
An Indian company "A" is purchasing the shares of an Indian company "B" from a non resident at the agreed rate of Rs. 2.00 per share (Face value = Rs. 10.00 per shares). Now would the company "A" liable to deduct the TDS u/s 195 out of the money to be paid for purchasing the shares.
Pleae advise.
CAclubindia
