Sitting fees to a non-executive directors
This query is : Open
TARIQUE RIZVI
(Querist)
07 May 2015
Dear Sir,
I have come to know that, per Meeting we can pay minimum Rs 1,00,000/= on account of sitting fees to a Non-Executive Director. It means that a sum of Rs 4,00,000/= yearly can be paid to a non-executive directors of a private limited company. 10% TDS shall be deducted u/s 194-J.
Sir Am I right ?
Dear Sir,
I have come to know that, per Meeting we can pay minimum Rs 1,00,000/= on account of sitting fees to a Non-Executive Director. It means that a sum of Rs 4,00,000/= yearly can be paid to a non-executive directors of a private limited company. 10% TDS shall be deducted u/s 194-J.
Sir Am I right ?
CS Adnan Shaikh
(Expert)
08 May 2015
1,00,000 is the maximum limit. Refer Clause 4 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
