TDS deduction for Foreign Director

R.V.Durga Prasad (Student) (92 Points)

19 March 2011  

 

Hi All,

I am working in chennai based Pvt Ltd co., 

Our Principal is from Australia he invested some money in our company. Now we need to pay directors remuneration or commission or profit  whatever. So what is the procedure & how i book this expenditure.

TDS is applicable or not for above said transactions & what rate?

Kindly do the neeful its very urgent.

Advance Thanks 

regards

 

Prasad