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

[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).

AI Summary

Tax withholding on cross-border remuneration: foreign payer must deduct tax when services are rendered in India.
Where a resident individual receives remuneration from a foreign company, the applicable tax outcome depends on the place where services are rendered; if services are rendered in India, the foreign payer is liable to deduct tax at source under section 192, with eily Lily (SC) cited as the relevant case law.