DEAR ALL SOME ONE DO HELP TO KNOW ABOUT THE BELOW GIVEN DETAILS
There are five directors in Private limited Idian company. named as A, B, C, D & E
A - INDIAN DIRECTOR - A IS GETTING SALARY OF THE COMPANY
B- INDIAN SETTLED IN USA - NO SALARY YEAR END COMPANY IS PROVIDING SOME AMOUNT
C- INDIAN SETTLED IN USA- NO SALARY YEAR END COMPANY IS PROVIDING SOME AMOUNT
D- INDIAN SETTLED IN USA- NO SALARY YEAR END COMPANY IS PROVIDING SOME AMOUNT
E- USA - NO SALARY YEAR END COMPANY IS PROVIDING SOME AMOUNT
1. As a accountant if i pay some amount out to those who are not getting salary, is it taxable ?
(B,C,D,E ARE NOT PROVIDING ANY SERVICE TO INDIAN COMPANY)
2. If yes, under which act and what is the rate of tax?
Kindly provide the information..
CAclubindia
