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Rate of TDS - DTAA Singapore

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2011 Payment is to be made to Singapore Based Director. Payment is in nature of Profit Sharing Bonus. Kindly advise on Rate of TDS Under DTAA with Singapore and under Which head to cover it
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
17 June 2011 As per Article 16 of India Singapore Treaty "Directors fees and similar payments derived by a resident of Singapore in his capacity as a member of the board of directors of a company which is a resident of India may be taxed in India."

Hence tax at the rate of 30.90% should be deducted in such case.

Anuj
0-9810106211
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
17 June 2011 RATE OF TAX DEDUCTION WILL BE 30.9 PERCENT

CA MANOJ GUPTA
09828510543
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