Sitting fees to non-executive directors
This query is : Resolved
TARIQUE RIZVI
(Querist)
07 May 2015
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 director of a private limited company.
10% TDS shall be deducted u/s 194-J.
Sir Am I right ?
10% TDS shall be deducted u/s 194-J.
Sir Am I right ?
CMA Ramesh Krishnan
(Expert)
07 May 2015
Yes. Non exective director sitting fees liable to TDS under 194J
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