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TMI BlogWithholding tax on sale of shares on foreign companyX X X X Extracts X X X X X X X X Extracts X X X X ..... Withholding tax on sale of shares on foreign company X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 there is No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 which rate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 amount paid by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 your reply, our co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncern 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: The Reply: The TDS / WHT is not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... applicable as both the parties are non residents, had payer been Resident Tax was to be deducted. X X X X Extracts X X X X X X X X Extracts X X X X
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