Salary to non resident director
This query is : Open
19 September 2011
Dear Colleagues,
Mr.M (Italian citizen staying in Italy) is a director in his group wholly owned subsidiary in India.
He sits in Italy, takes all major decision sitting over there ( He Comes to India only for 5-6 days in a year).
He want company to pay directorship salary/remuneration in India which shall deposit in a bank
Account he will open in India.
Querry:
1)Is there any bar in making payment of salary to him?
2)Since the salary is going to be paid in India(but does not work in India), shall it be liable to TDS?
3)IF YES AT WHAT RATE?
Regards
c.a.paresh Zatakia
9833855518
Mr.M (Italian citizen staying in Italy) is a director in his group wholly owned subsidiary in India.
He sits in Italy, takes all major decision sitting over there ( He Comes to India only for 5-6 days in a year).
He want company to pay directorship salary/remuneration in India which shall deposit in a bank
Account he will open in India.
Querry:
1)Is there any bar in making payment of salary to him?
2)Since the salary is going to be paid in India(but does not work in India), shall it be liable to TDS?
3)IF YES AT WHAT RATE?
Regards
c.a.paresh Zatakia
9833855518
19 September 2011
Dear Paresh,
Answers to your queries:
1) There is no bar in making payment of salary to a resident of Italy.
2) You would be required to check the provisions of DTAA between india and Italy in order to determine the rate of income tax payable by him.
Answers to your queries:
1) There is no bar in making payment of salary to a resident of Italy.
2) You would be required to check the provisions of DTAA between india and Italy in order to determine the rate of income tax payable by him.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
