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
Hi Everyone!
Resident individuals (but not permanently resident in India) can remit up to net salary after deduction of taxes. However, if he has exhausted the limit of USD 2,50,000 as net salary remittance and desires to remit any other income under LRS is it permissible as the limit will be over and above USD 2,50,000?
residents
regarding
scheme
remittance
liberalised
What are the guidelines or formalities for transfer of existing shares from non-residents to residents or residents to non-residents?
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