Taxability of Director Fees
This query is : Resolved
CA,CS Robin Sojrani
(Querist)
03 May 2010
Rendering of professional services by a non - executive director in his professional capacity does not amount to holding of office or place of profits. However if the services are rendered on regular retainer basis, it would amount to holding of office or place of profit.
Under which head it would be taxable in the hands of director i.e. Other sources (Director Fees) or PGBP(Proffesional Fees)?
Also whether the Reimbursement of expenses incurred by the director for providing the financial service would be taxable in the hands of director?
Also whether the same provisions/principle applies if the director is a Non- Resident?
Under which head it would be taxable in the hands of director i.e. Other sources (Director Fees) or PGBP(Proffesional Fees)?
Also whether the Reimbursement of expenses incurred by the director for providing the financial service would be taxable in the hands of director?
Also whether the same provisions/principle applies if the director is a Non- Resident?
Aditya Maheshwari
(Expert)
03 May 2010
replied here
https://www.caclubindia.com/forum/taxability-of-director-fees-81135.asp
https://www.caclubindia.com/forum/taxability-of-director-fees-81135.asp
08 May 2010
If the director is paid only sitting fees, it should be considered as income from other sources. If it is as retainership, then from business or profession.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Royalty payments to the Mining Department for procurement of murum - GST input
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- 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
- 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
