25 November 2012
Can anyone tell S.Tax liability on directors remuneration? Is S.tax liability is on payment made by company more than 10 lakhs? If suppose director receives remuneration from 2 company less than 10 lakh but in total more than 10 lakh does than also liability arises? And whether exceutive and non exceutive both are covered...
Service Tax is not on Director's remuneration. Rather is is on any service provided by director to company. Reverse charge applies. So no exemption of 10 Lac to company
25 November 2012
Thank you Mr sahil can you tell whether company has to pay S.tax on payment made to both exceutive n non exceutive directors. And please give example on type of services covered.
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