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Income Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 December 2009 Under what section should we deduct tax for payments as "Sitting Fees to Non-Executive Directors" ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 December 2009 In the case of Non executive director's sitting fee section 194C attracts. But in the case of executive directors,as a director is also a manager under the provisions of the Companies Act, 1956 he is, therefore, a technical personnel and any payment made to such director be it a sitting fee or any other sum shall be required to be taken into consideration for the purposes of deduction of tax at source under section 194J of the Income tax Act, 1961.
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