Income Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2009 Sirs,
Orgin of the Company in Korea. They have susidiary company in India in the Name of "XYZ" India Private Ltd.

The chairman residing in Korea.
He is one of the share holder.
Now he wants Dividend and Remuneration.
whether he is eligible to avail the above benefit.
If,yes what is the tax rate on dividend and on Remuneration to be deduct.

Whether he is eligible to avail Group Insurance in India.(alongwith employees in
India)
What about Provident Fund.

Expecting your valuable guidence.

23 December 2009 You are telling that he is residing in korea and you have not mentioned his residential status.
For payment of divident dividend distribution tax as per co,s act is enough.
Where as the remuneration attracts section 192



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