Monday, June 16, 2014

Silver lining for non-resident remittances

Whether Tax is required to be deducted at source where the seller incurs a ‘Capital Loss’?  Held that it is not required to deduct TDS where the seller incurs a capital loss. [Hyderabad Tribunal in ‘Sanofi Pasteur Merieux Vs DIT] [2014] [43 Taxmann.com 399]

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