Tds on sitting fees paid to foreign director of an indian co

TDS 2335 views 1 replies

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. 

 

Replies (1)

Dear Mohit,

Yes, tds is deductible on sitting fee as it is arising in INDIA.

Refer ARTICLE 17 in DTAA between INDIA & USA.


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