Remunaration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2013
Dear Sir,
We are paying remunaration to two Directors a sum of Rs.57000/-Permonth both are 60 years.
The company has to pay the service tax on paymnet of remunaration to the directors
Please advise.
Thanking You,
We are paying remunaration to two Directors a sum of Rs.57000/-Permonth both are 60 years.
The company has to pay the service tax on paymnet of remunaration to the directors
Please advise.
Thanking You,
CA Hardik Bunha
(Expert)
12 December 2013
no service tax payable on remuneration
Message likes :
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Ajay Mishra
(Expert)
12 December 2013
Service tax will not be paid on remuneration.
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.UO-tTuSE2Jw
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.UO-tTuSE2Jw
Message likes :
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Ganeshbabu K
(Expert)
12 December 2013
Service tax is payable on services provided by non-executive, nominee and independent directors to the company w.e.f. 1-7-2012. Service tax is not payable in case of Managing Director or wholetime director or executive director, if the director is in full time employment of the company.
.
.
Section 65B(44) of Finance Act, 1994 as introduced w.e.f. 1-7-2012 reads as follows – “Service” means any activity carried out by a person for another for consideration, and includes a declared service, but shall not include— (a) – - (b) a provision of service by an employee to the employer in the course of or in relation to his employment (c) – - .
Thus, services provided by employee to employer have been excluded from the definition of ‘service’ itself.
.
.
Section 65B(44) of Finance Act, 1994 as introduced w.e.f. 1-7-2012 reads as follows – “Service” means any activity carried out by a person for another for consideration, and includes a declared service, but shall not include— (a) – - (b) a provision of service by an employee to the employer in the course of or in relation to his employment (c) – - .
Thus, services provided by employee to employer have been excluded from the definition of ‘service’ itself.
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