How a Foreign Company will deposit TDS in India?

Fact of Case: A foreign company (Germany) sold shares of an Indian company held by it to another foreign company (Germany). Applicable Provisions: As per para 4 of Article 13 of DTAA between India & Germany "Gains from alienation of shares in a company which is a resident of the contracting state may be taxed in that state". Section 9(1)(i) considers the income to accrue or arise in India if all income accruing or arising, whether directly or indirectly, through or from any business connection in India... or through the transfer of a capital asset situated in India.  All other…

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