Tds on foreign diector

This query is : Resolved

Aman rathor (Querist)
Follow

07 June 2013 An Indian company is liable to deduct TDS amt paid to foreign director agst Board Meeting fee paid after 01-07-2012 u/s 194 j

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

08 June 2013 No,

Any payment to Foreigner is covered under sec. 195 and not 194J.

Anuj
femaquery@gmail.com

Aman rathor

Aman rathor (Querist)
Follow

14 June 2013 Bt the amendment u/s 194j w.e.f.
01-07-2012 clearly mentioned that any payment made to director.....

Upgrade to CAclubindia Pro. Subscribe Now!

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

14 June 2013 Aman,

Kindly read the section:-

"Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a [resident] any sum by way of—

Hence payments to RESIDENTS are only covered under sec 194J and for NON RESIDENTS we have sec. 195.

Also FEMA shall come into picture for such payment.

Anuj
femaquery@gmail.com

Aman rathor

Aman rathor (Querist)
Follow

15 June 2013 Thanxs sir...