IndigoLearn

Forums

Back

Taxation of non resident

Direct Taxation

If non resident is received income from short term capital gains u/s 111A or long term u/s 112A or 112 Is it required to deduct tds? If so tds under which section?

sasidhar cheboyina

CA Final

★ 95

05-Nov-24 11:45

120

Answers (5)

TDS under sec 195

Likith D

Moderator

06-Nov-24 09:47

Shares are traded through stock broker The buyer of shares can not be known who is selling the shares Then how seller will deduct tds?

Thread Starter

sasidhar cheboyina

CA Final

★ 95

06-Nov-24 09:50

While selling the shares the stock brokers will deduct the TDS

Likith D

Moderator

06-Nov-24 09:54

Likith D Moderator

While selling the shares the stock brokers will deduct the TDS

If tds deducted by stock broker section is change, in which section tds is deduct.

Aaru Sharma

CA Inter

★ 620

06-Nov-24 14:10

In case of 111A or 112A there is no TDS. For others, buyer will deduct.

Shiva Teja

Faculty

07-Nov-24 15:27

Your Reply

IndigoLearn

We have been revolutionising learning paths for students of CA, CFA, CMA, US CMA, and ACCA since 2017 . “Learn Like Never Before” & ‘ Students-first ’ are the cornerstones of our approach. We take immense pride in having enabled 13,000 + students succeed in some of the toughest examinations in the world & are grateful to them for the love and respect they have showered us with, over the years.