St on director remuneration
This query is : Resolved
02 August 2012
Is Service tax is applicable to Director's Remuneration ?
If Director is under employment, under which section TDS should be deducted ? 194J or 192B ?
If Service tax is applicable, who will pay it to the govt ? Company or Director ?
If Director is under employment, under which section TDS should be deducted ? 194J or 192B ?
If Service tax is applicable, who will pay it to the govt ? Company or Director ?
Amol S Joglekar
(Expert)
02 August 2012
Salary paid to EMPLOYEE director will continue to enjoy the preveledges of sec 192. The rest will go with 194J
Amol S Joglekar
(Expert)
02 August 2012
Service tax is not applicable.
Madhukar N Hiregange
(Expert)
02 August 2012
The non executive directors are liable for service tax provided their total services [ including remuneration exceeds Rs. 10 Lakhs.
Executive directors being employees are not liable.
Executive directors being employees are not liable.
Message likes :
1 times
02 August 2012
As negative list has been introduced, I think Director's remuneration is taxable under S.Tax...
CA Prashant Gupta
(Expert)
02 August 2012
check the part of remunereation. salary will go in 192 and other 194 J.
if director's total remuneration except salary is more than 10 lac then he is liable for service tax. he will charge it in bill and company will pay. director will depsoit this service tax to govt
if director's total remuneration except salary is more than 10 lac then he is liable for service tax. he will charge it in bill and company will pay. director will depsoit this service tax to govt
Amol S Joglekar
(Expert)
02 August 2012
Nice topic got introduced. Can you please tell me where from we pick up the word EXECUTIVE or NON EXECUTIVE?
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