07 March 2017
We are going to appoint the foreign interns through AIESEC.(AIESEC is the worldโs largest youth-led network creating positive impact through personal development and shared global experiences). The Students come from the different countries for sharing there thoughts, Culture, Education, Intellectual etc. For living in Host countries they required some money. Can You tell me that we can pay the any stipend to them. There is any tax liability on it. Or how we can pay to them for survive. Please suggest the tax withholding norms as per income tax regularities in relation to foreign nations residing in India. Note: Duration of stay: 6 to 12 months PAN Card : Not Available Bank Account: Not Available DTAA Treaty: Yes/No
With Regards,
Arpit Singhania
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07 March 2017
As their stay exceeds 6 months they are resident for tax purpose. Provide them food and stay and pay them up to 2.50 lacs no TDS applicable.