Dear All,
Is there any need to deduct tax at source on sitting fees payable to a foreign director of an Indian company who has attended the meeting through video conferencing and does not has a PAN. If yes, at what rate. The director is a US resident and sits in US.
Dear Mohit,
Yes, tds is deductible on sitting fee as it is arising in INDIA.
Refer ARTICLE 17 in DTAA between INDIA & USA.
Eshwar & Co Chartered Accountants - Nungambakkam
Chennai
CA Inter
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JAMNA AUTO INDUSTRIES LTD
Jamshedpur
CA Inter
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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CCI
Pro
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