Service tax on director sitting fee /commission

 

(Querist) 07 July 2012

Under new Finance act 2012,in line with negative list of service tax, the amount paid on account of sitting fee / Commission paid to non - executive director / Independent director will attract service tax ( amount paid beyound 10 lakhs thrushold limit )


Arvind Tiwari (Expert) 08 July 2012

Yes. It will attract Service Tax as all element required for levy is thaere with Sitting Fes\ Commission paid to non executive directors.



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