T.d.s. under which section

Prasanna (practice) (177 Points)

03 September 2012  

One of my friend, who is a director of a Share Broking Co., wants to attend seminar in U.S. related to security market . Participation fees for the seminar is USD $4700/- which has already been paid by his cousin who is presently staying in U.S. on his behalf. Now my friend wants to re-imburse and remit  the said fees  to his cousin. The said remittance will be made by the company of which he is a director and to be claimed as business related expenses.

Is T.D.S. is applicable on said remittance? under which section? His cousin is assessable to tax in India as non-resident.