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TDS on director's sitting fees

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(Querist)
31 July 2008 Q : Whether the Director's Sitting Fees is liable to TDS u/s 194J if yes, then why not the same has been followed in routine by the companies?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
31 July 2008 In case the sitting fee is paid to the Whole Time Director then the fee paid is profit in lieu of salary and Tax at Source is deductible u/s 192 while in case of payment to NED then it will fall under the head of Income from Other Sources and no tax is to be deducted at source.
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