Tds on foreign diector

This query is : Resolved 

07 June 2013 An Indian company is liable to deduct TDS amt paid to foreign director agst Board Meeting fee paid after 01-07-2012 u/s 194 j

08 June 2013 No,

Any payment to Foreigner is covered under sec. 195 and not 194J.

Anuj
femaquery@gmail.com

14 June 2013 Bt the amendment u/s 194j w.e.f.
01-07-2012 clearly mentioned that any payment made to director.....

14 June 2013 Aman,

Kindly read the section:-

"Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a [resident] any sum by way ofโ€”

Hence payments to RESIDENTS are only covered under sec 194J and for NON RESIDENTS we have sec. 195.

Also FEMA shall come into picture for such payment.

Anuj
femaquery@gmail.com

15 June 2013 Thanxs sir...




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