Rate of TDS - DTAA Singapore
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2011
Payment is to be made to Singapore Based Director. Payment is in nature of Profit Sharing Bonus. Kindly advise on Rate of TDS Under DTAA with Singapore and under Which head to cover it
17 June 2011
As per Article 16 of India Singapore Treaty "Directors fees and similar payments derived by a resident of Singapore in his capacity as a member of the board of directors of a company which is a resident of India may be taxed in India."
Hence tax at the rate of 30.90% should be deducted in such case.
Anuj
0-9810106211
Hence tax at the rate of 30.90% should be deducted in such case.
Anuj
0-9810106211
17 June 2011
RATE OF TAX DEDUCTION WILL BE 30.9 PERCENT
CA MANOJ GUPTA
09828510543
CA MANOJ GUPTA
09828510543
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