Inome tax on Income received from Foreign Co.

[Mukund Honkan]

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

AI Summary

Foreign Companies Must Deduct TDS for Services Rendered in India by Residents Under Section 192, per Eli Lily Case Law. A resident individual receiving remuneration from a foreign company may face income tax implications based on where the services are rendered. If services are performed in India, the foreign company is obligated to deduct Tax Deducted at Source (TDS). The relevant legal provision is Section 192, and the case law cited is Eli Lily (Supreme Court).