Please Help: Tax implications on transfer of shares of Indian company by Foreign company
Posted Date : 08-Jul-2021 , 07:05:32 pm | Posted By sandeep Kaushik
Dear All,
Shares of Indian company held by a foreign company are getting transferred from foreign company to another Indian Company at FMV. What tax implication would be on this transaction? Does Indian company who is acquiring the shares need to deduct tds while making payment to foreign company. Please advice.
Thank a lot in advance.
Shares of Indian company held by a foreign company are getting transferred from foreign company to another Indian Company at FMV. What tax implication would be on this transaction? Does Indian company who is acquiring the shares need to deduct tds while making payment to foreign company. Please advice.
Thank a lot in advance.
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