International Taxation - DTAA - India and Singapore
This query is : Resolved
29 July 2022
Mr.A is an Indian Ordinary Resident for the A.Y 2022-23 as per Income tax rules.
He derives Director Remuneration from a company in Singapore. It is taxed in Singapore and taxes paid in Singapore.
As per article 16 of the DTAA between India and Singapore, director remuneration is taxed in the state where the company paying the director fees resides i.e Singapore.
Then, which of the following is correct
1) Is the Director remuneration from Singapore is exempted from taxation in India in hands of Mr. A?
2) If it is taxable in India in the hands of Mr.A and tax paid in Singapore shall be claimed as foreign tax credit in India?
Can anyone help me on the above issue. Thanks in advance
He derives Director Remuneration from a company in Singapore. It is taxed in Singapore and taxes paid in Singapore.
As per article 16 of the DTAA between India and Singapore, director remuneration is taxed in the state where the company paying the director fees resides i.e Singapore.
Then, which of the following is correct
1) Is the Director remuneration from Singapore is exempted from taxation in India in hands of Mr. A?
2) If it is taxable in India in the hands of Mr.A and tax paid in Singapore shall be claimed as foreign tax credit in India?
Can anyone help me on the above issue. Thanks in advance
29 July 2022
As per my opinion second option is true.
31 July 2022
Yes, it's taxable in India and relief for tax paid in Singapore can be claimed.
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