Withholding tax on sale of shares on foreign company

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..... A Ltd. is a foreign company which is holding the shares in an Indian company C Ltd .Now the shares of C Ltd. are sold by A Ltd. to another foreign company B Ltd. for Rs. 100 lakhs (long term). Also th .....

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..... ere is No DTAA between the Indian company C Ltd. and the company A ltd.. Here the issue arises that whether the company B Ltd. is required to withhold tax on the payment to A Ltd. and if yes, then at .....

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..... which rate and amount. Please also explain the relevant provisions for our reference - Reply By shruti mittal - The Reply = as per my opinion: No TDS should be deducted ..... because whatever the .....

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..... amount paid by B ltd to A ltd .. not considered as an income which is chargeable under income tax...Consider all provsions of TDS as a whole. - Reply By PANKAJ GROVER - The Reply = Thanks Shruti for .....

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..... your reply, our concern is whether provisions of Section 195 are applicable to such transaction and withholding tax needs to be deducted. Thanks Pankaj Grover - Reply By deepak gulati - .....

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..... The Reply = The TDS / WHT is not applicable as both the parties are non residents, had payer been Resident Tax was to be deducted. - Withholding tax on sale of shares on foreign company - Query Start .....

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..... ed By: - PANKAJ GROVER Dated:- 17-1-2012 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagemen .....

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..... tindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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