One of the Directors of a group company (who is a foreigner ~ based in London) has recharged his proportionate costs to India based on profit for the period January 2012 to May 2012. Kindly note that the director has no association with the Indian company. We are paying him for the technical services rendered in India from London.
What is the Income Tax Liability in India (Please quote Sections)?
Is the person required to have PAN?
What is the Service Tax Liability, if any?
CAclubindia
