Directors' remuneration

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Naveen Rishi Kumar (Querist)
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10 March 2015 Is there a service tax liability if a director receives remuneration from two private companies? If yes, then who is liable, the company or the director?

Nilesh

Nilesh (Expert)
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10 March 2015 Company is liable to pay service tax under RCM on payments to directors - non executive (non employee)

Naveen Rishi Kumar

Naveen Rishi Kumar (Querist)
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10 March 2015 Nilesh, thanks for your response. Is it not possible that the director is working part-time in both the companies?

Nilesh

Nilesh (Expert)
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10 March 2015 If you are treating them as an employee of the company and issuing form Form 16 -income tax and then only you are not liable to pay service tax

Part time and full time is irrelevant factor to determine

Trust the above clarifies.

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Naveen Rishi Kumar

Naveen Rishi Kumar (Querist)
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10 March 2015 Thanks Nilesh. It seems that the issue gets resolved.

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