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Commission to director

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(Querist)
17 October 2012 Whether a pvt.ltd co. can give its director, director remuneration as well as commission on sale is it allowable under companies act & income tax act.

Thanks & Regards
Rohit
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CA Manish

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CA Manish (Expert)
18 October 2012 yes, Commission can be given.

But take care of Service tax which is applicable to co because of reverse charge mechanism.

and TDS is applicable u/s 194J @ 10%.
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dhanwanti kourani

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dhanwanti kourani (Expert)
18 October 2012 A company can give commission to the director.Definitely service tax under reverse charge has to be considered .
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deepali agarwal

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deepali agarwal (Expert)
18 October 2012 Agree with CA manish Ji
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