What is the procedure of a director of US LLC(Company) to receive remuneration in India? (The director is an Indian resident and residing in India only). Whole procedure
Akshay Saini (Analyst) (42 Points)
27 August 2013What is the procedure of a director of US LLC(Company) to receive remuneration in India? (The director is an Indian resident and residing in India only). Whole procedure
CA. CS. Khushboo Dodhia Vora
(Practicing Charatered Accountant)
(125 Points)
Replied 27 August 2013
The director can directly receive the funds in his Indian Bank Account from the LLC through wire transfer subject to any withholding tax applicable in USA.
The remuneration so received needs to be included in his taxable Income for the respective year
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
