TDS On Salary

[Manish Sulakshane]

Dear Sir,

Q. 1 One of our Director is a NRI. For payment of his salary overseas in USD, due we require to submit form 15CA & 15CB to the banker???

Q. 2 We have a person appointed overseas looking after the activities of our company in the Europe who is based in UK. His monthly remuneration is 2500GBP. He being an NRI has an PAN Card. Kindly advise whether we should deduct TDS @15% as per the Bilateral agreement between the two countries or how we should proceed??

[DR.MARIAPPAN GOVINDARAJAN]

In my view

1. You should submit the said forms.

2. Yes. you have to deduct tax as per the bilateral agreement.

3. to proceed please consult an expert.

AI Summary

Are Forms 15CA/15CB needed for overseas director salary? 15% TDS required for UK employee per agreement. A query was raised regarding tax obligations for payments to non-resident individuals. The first question asked if forms 15CA and 15CB are required for paying a director's salary in USD overseas. The second question concerned whether to deduct TDS at 15% for a UK-based employee, as per a bilateral agreement. The response advised submitting the forms for the director's payment and confirmed the need to deduct tax according to the bilateral agreement. It was also recommended to consult an expert for further guidance.