There is one company who is wholly owned subsidiary (WOS) of Foreign company. Directors of WOS are also foreigners who are getting salary from parent company in their bank account in foreign. The salary is liable for TDS deduction by WOS. But since the directors are not receiving a single penny in India, how TDS can be deducted from their salary by the WOS? Pls guide, its urgent.
1 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 18 March 2013
The location of this WOS is in India. The Directors are present in India. So the income or salary accured is also in India. Therefore,their salary is subject to TDS deduction. But still wait for others to reply.
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