Service tax on director rem
This query is : Resolved
02 July 2012
From 1sth July’12 onwards directors remuneration will be treated as professional service & TDS will be deducted u/s 194 J.
Now Govt. declared negative service tax list which is applicable from 1st July’12 & they have not excluded directors remuneration.
If a company is paying more than Rs. 10 L as a director remuneration to its director , will director is liable to pay service tax, as threshold limit is Rs. 10 L?
Now Govt. declared negative service tax list which is applicable from 1st July’12 & they have not excluded directors remuneration.
If a company is paying more than Rs. 10 L as a director remuneration to its director , will director is liable to pay service tax, as threshold limit is Rs. 10 L?
02 July 2012
Yes. The remuneration shall fall under the ambit of service tax. (Salary paid to directors falls on different footing.)
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