Foreign Payment Made by Director through Credit Card for Professional Services

[vikas anand]

Dear All,

Please advise, if foreign payment (UK) made through Corporate credit card by the Director for professional service rendered will attract section 195.

Regards

Vikas Anand

AI Summary

Foreign Payment via Corporate Card by Director Subject to Section 195 of Income Tax Act if Paid to Non-Resident A user inquired whether a foreign payment made via a corporate credit card by a director for professional services would be subject to section 195 of the Income Tax Act. The response clarified that if the payment is made to a non-resident other than a company, section 195 would indeed apply.