URGENT //// TDS Provisions ON SALE OF "STAKE" OF A COMPANY

Hi guys


Querry - - there is sale of stake of  X company (X comapnny which is subsidiary of  a foreign company) to Y company.


(i) plz tell me, is there any applicability of TDS provisions if yes, than under which section of IT Act.


(ii) is dividend provisions applicable here ?


(iii) what are the other provisions or sections which can be apply on this transaction?


Thx

Replies (2)
Clarification required: 1. Sale is regarding the stake of the foreign company in X? 2. Y company is it Indian or foreign? 3. What dividend ur referring to?
1) yes it is sale of stake of foreign company
2) no, Y company is not an Indian company
3) is in thes type of transaction dividend provision applicable, actly I m new in direct tax field

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