We have deducted TDS on secondary purchases of investments from Non-Residents under the relaxation provided by Rule 37BC of the Income Tax Rules, 1962, and filed TDS Form 27Q.
However, as PAN was unavailable in these cases, we have received an intimation/demand from the TDS department citing short deduction of TDS (without considering the relaxation under Rule 37BC).
If anyone can provide guidance on how to handle this situation, it would be greatly appreciated.
residents
investments
purchases
secondary
Dear All,
What is the downstream investment?
investment
downstream
Are there any exchange control regulations or foreign investment restrictions applicable to foreign directors?
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directors
applicable
restrictions
investment
What are the ways of FDI Investment in LLP?
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Are there any restrictions on the activities or investments of holding and subsidiary companies?
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subsidiary
holding
investments
Can society buy shares in Private Company ?
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share
investment
Difference Between Greenfield and Brownfield Investments in FDI ?
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brownfield
greenfield
Dear All,
Can existing investments made as FIIs/SAs/Qualified Foreign Investors
(QFIs) be retained under the FPI regime?
fiis
investments
Hi Everybody!
Can Non-residents Indians (NRIs) invest in mutual funds?
fund
mutual
investment
eligibility
Hello all,
In cases of acquisition of any investment management businesses, would the value of assets and turnover of the controlled portfolio enterprise [i.e., controlled investee entities of the fund] also be relevant for the purpose of computing threshold under Section 5 of the Act as well as the De-Minimis exemption threshold?
businesses
management
investment
acquisition
Hello Folks!
Can a subscriber having investment in pension funds of non-government / private entities invest in NPS?
system
pension
national
investment
Hi Folks!
For an FPI investment, once the investment is classified as FDI (basis total holding), if the FDI holding comes back to <10%, will the holdings be classified as FPI again?
investment
portfolio
foreign
