Directors remunaration & s.tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2012
Dear Experts,
Should we deduct S.Tax on payments made to my MD on monthly basic of Rs 1.5 lacs
Currently we haven't registered for S.TX then what is the course of acction then...
Regards
Should we deduct S.Tax on payments made to my MD on monthly basic of Rs 1.5 lacs
Currently we haven't registered for S.TX then what is the course of acction then...
Regards
CA Suresh Jain
(Expert)
23 August 2012
No service tax is payable on the payment made to Directors where employee employer relationship exists
RENGARAJ R.K
(Expert)
10 September 2012
It seems yours is a company and therefore the following reverse charge is applicable from 01.07.12.
1) Advocate fees(even if it is Rs.5000?)
2) Goods transport agencies
3) Security guard (man power).
4) Rent a cab service......and so on
As such, have you not taken service tax RC so far? As already indicated by the expert, payment to whole time directors/MD/Executive directors where employer -employee relationship exists there is no service tax.
1) Advocate fees(even if it is Rs.5000?)
2) Goods transport agencies
3) Security guard (man power).
4) Rent a cab service......and so on
As such, have you not taken service tax RC so far? As already indicated by the expert, payment to whole time directors/MD/Executive directors where employer -employee relationship exists there is no service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
