Service tax on director rem
This query is : Resolved
Ashok Kumar Bansal
(Querist)
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?
Amol S Joglekar
(Expert)
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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