Tds on sitting fees paid to foreign director of an indian co

Mohit Khandelwal (Tax Consultant) (30 Points)

30 August 2013  

Dear All,

Is there any need to deduct tax at source on sitting fees payable to a foreign director of an Indian company who has attended the meeting through video conferencing and does not has a PAN. If yes, at what rate. The director is a US resident and sits in US.