05 July 2012
Mr.A, a foreigner is a director both in foreign company B and Indian company C. He is holding more than 30% share in both the companies. Company C is exporting goods to Company B (below 5 crores). Now A solicits orders for Indian company C from other buyers also and gets commission for it. Whether C is liable to deduct TDS on commission paid to A?.Whether holding shares and directorship amounts to PE?
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