URGENT //// TDS Provisions ON SALE OF "STAKE" OF A COMPANY

Adv. S Sharma (Lawyer) (574 Points)

25 February 2008  

Hi guys


Querry - - there is sale of stake of  X company (X comapnny which is subsidiary of  a foreign company) to Y company.


(i) plz tell me, is there any applicability of TDS provisions if yes, than under which section of IT Act.


(ii) is dividend provisions applicable here ?


(iii) what are the other provisions or sections which can be apply on this transaction?


Thx