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    TDS on secondary purchases of investments from Non-Residents

    Posted By : SHALU / Published on : 09-Feb-2024 11:43 AM / View : 181 / Comment : 5

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    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.
    Read more on : residents investments purchases secondary

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