Director remuneration, sitting fees and profesional fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2016
What are the tax implication for
A Director acting as Professional and receiving Professional Fees. A director attending meeting and receiving Sitting Fees and Remuneration from Company.
1.Whether They can Draw Professional Fees and Remuneration from a Same Co. please help with any caselaw.
A Director acting as Professional and receiving Professional Fees. A director attending meeting and receiving Sitting Fees and Remuneration from Company.
1.Whether They can Draw Professional Fees and Remuneration from a Same Co. please help with any caselaw.
23 February 2016
Yes if services are professional in nature and director having requisite qualification.
Eg- services by a doctor in hospital and he is director also in the same.
Eg- services by a doctor in hospital and he is director also in the same.
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