Is pan card mandatory for foreign directors
This query is : Resolved
28 August 2019
I'm working in a company which is a subsidiary of foreign company. There are five directors in the company out of which two are working and three are not working. These three directors does not receive any salary or remuneration from the Indian company .They come to India only for attending meeting etc. Please suggest whether we are required to obtain PAN card of these three directors also.
28 August 2019
Yes, PANo is required to disclose in the Income tax return of the company,
especially if they are shareholders.
especially if they are shareholders.
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28 August 2019
Yes, PAN card required for these three directors.
Every person, whether resident or non-resident in India, who is a director in an Indian Company that has financial transaction of Rs. 250,000/- or more in a financial year will have to compulsory obtain Indian PAN card.
Every person, whether resident or non-resident in India, who is a director in an Indian Company that has financial transaction of Rs. 250,000/- or more in a financial year will have to compulsory obtain Indian PAN card.
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28 August 2019
Thank you so much sir.
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