Director sitting fee
This query is : Resolved
CA Pramod Jain
(Querist)
04 January 2013
If we are paying 1000/- cheque to non-excutive directors as director sitting fees.
at what rate n on what amount service tax needs to be paid by company, means whether (1000*12.36%) 112.36 Service tax liability of company or else. and under what head service needs to be paid.
Also TDS on which amount needs to be deducted on Rs.1000/- or Rs.1112/- inclusive of service tax.
pl confirm
at what rate n on what amount service tax needs to be paid by company, means whether (1000*12.36%) 112.36 Service tax liability of company or else. and under what head service needs to be paid.
Also TDS on which amount needs to be deducted on Rs.1000/- or Rs.1112/- inclusive of service tax.
pl confirm
MOHAMMAD SALIM
(Expert)
08 January 2013
Service to be applied on gross sitting fee. Thus Rs 112.36. TDS should be applied on payment i.e. Rs 1000/-..
Hope this would settle the issue...
Hope this would settle the issue...
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