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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2013 Are the traveling expenses paid to non executive directors for attending AGM are covered under sitting fees??
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Ajay Mishra

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Ajay Mishra (Expert)
23 December 2013 No it is not covered under the sitting fee. You also check what your article says on it in addition to the resolution passed for gining sitting fee to director.
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Ankur Garg

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Ankur Garg (Expert)
23 December 2013 Actually sitting fee is given to manage such kind of exps.

Avoid re-imbursement of traveling exps.

Refer the provisions of your Articles.



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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2013 Company is paying sitting fee along with travelling expenses. Now what about TDS & Service tax on that travelling expenses

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