Remuneration to director by a pvt. ltd. export company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 December 2013
A private Limited company which is providing export services to a client in USA & which is exempt from the liability of service tax on the basis of place of provision of services.
Now the private limited company want to pay remuneration to its whole time & part time director by deducting TDS applicable under Income tax act.
Whether the private limited company is required to pay service tax on the remuneration paid to director, as it is basically exempted from service tax liability on its main service of export.
Whether the company need to take registration for payment of service tax on director's remuneration paid or there is some way for not taking registration in service tax.
Kindly guide
Now the private limited company want to pay remuneration to its whole time & part time director by deducting TDS applicable under Income tax act.
Whether the private limited company is required to pay service tax on the remuneration paid to director, as it is basically exempted from service tax liability on its main service of export.
Whether the company need to take registration for payment of service tax on director's remuneration paid or there is some way for not taking registration in service tax.
Kindly guide
Nikhil Kaushik
(Expert)
21 December 2013
1. Yes you are required to deduct TDS. How is service tax linked to deduction of TDS??
2. even if you are exempted from service tax, you shall be required to register for service tax and pay service tax under RCM if the director is paid sitting fees for board meetings.
2. even if you are exempted from service tax, you shall be required to register for service tax and pay service tax under RCM if the director is paid sitting fees for board meetings.
Ajay Mishra
(Expert)
21 December 2013
Go to the following articleon TDS on director remuneration:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.UO-tTuSE2Jw
Go to the following articleon TDS on director remuneration:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.UO-tTuSE2Jw
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