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TDS U/s 195

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2010 If Indian Co. making an investment (in Equity capital) in MAURITIUS & making payment some of X amt. to NRI co. for aforesaid investment, does This payment require TDS U/s. 195? if Yes, at what rate?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
09 December 2010 The payment is not in the nature of income in the hands of the receipient and hence not liable for deduction of TDS.

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