Directors remunaration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2013 Dear All,

Please confirm is remunaration paid to chairman is fall under 194 J or salary income?

Is chairman could be consider as director or employee of the company.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 August 2013 If paid as salary TDS to be deducted u/s 192. Other than salary (like Sitting Fees) TDS to be deducted u/s 194J(1)(ba) @10%. No threshold limit for section 194J(1)(ba).

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2013 Thanks Sanjay

Ankur Garg

Ankur Garg (Expert)
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23 August 2013 From the company law point of view usually any Director on the board is elected as Chairman of the meeting.

Further Chairman of the Board meeting is considered as automatic chairman of all general meetings. To conclude in most of the cases Director on the board happens to be the Chairman.

Rest you can rely upon the answer of Sanjay ji.

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