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Inome tax on Income received from Foreign Co., Income Tax

Issue Id: - 2922
Dated: 26-3-2011
By:- Mukund Honkan

Inome tax on Income received from Foreign Co.


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If resident Individual receive remuneration from Foreign Company, pl. let me know Income tax implications for recepient and applicability of TDS for foreign company. Kindly quote relevant sections and case laws if any

Regards,

Mukund m Honkan

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1 Dated: 26-3-2011
By:- Anuj Gupta

The answer shall depend on, Place where services were rendered. If the services are rendered in India then the foreign shall be liable to deduct TDS.

 

 

the relavent section is section 192 and the case law is eily Lily (SC).


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