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.
Triveni Turbine Limited
Bengaluru
CA
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Chirag N Shah & Associates
Mumbai
CA Inter
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VIKAS VERMA & CO
New Delhi
Others
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