TDS from Sitting Fees paid to Directors
This query is : Open
13 October 2009
Sorry to bring up the query again. I am confused by divergent views read in various forums.
I have for reference the decision of Delhi HC in in CIT v. Orissa Cement Ltd. [2001] 250 ITR 846/118 Taxman 449. As I understand TDS is to be made for sitting fees. Is there any other case law overriding this?
What is the legal/judicial position as many big corporates do deduct TDS from Sitting Fees paid.
Regards
Raman
I have for reference the decision of Delhi HC in in CIT v. Orissa Cement Ltd. [2001] 250 ITR 846/118 Taxman 449. As I understand TDS is to be made for sitting fees. Is there any other case law overriding this?
What is the legal/judicial position as many big corporates do deduct TDS from Sitting Fees paid.
Regards
Raman
13 October 2009
I have not found any contradictory view and the case you referred is the last known case to me which justifies the TDS
13 October 2009
Pl read an article in https://www.thehindubusinessline.com/2002/07/13/stories/2002071300010900.htm
13 October 2009
TDS has to be deducted u/s 194J in case of sitting fees paid to directors.
14 October 2009
Executive directors :u/s 192 (cos its treated as managerial remuneration)
Non exec Directors : u/s 194J ( technical services )
Non exec Directors : u/s 194J ( technical services )
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Soyabean hsn code and gst rate
- STCG FOR GOLD ETFs
- Long Term Service award taxability in hands of company
- Free lancer income
- Last year TDS Claim
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
