TDS on directors' sitting fee
This query is : Resolved
Keerthilakshmi B R
(Querist)
27 February 2009
Please let me know whether TDS has to be deducted on sitting fee of a director and the reasons for the same. Thank you
CA. B.SRINIVASULU
(Expert)
27 February 2009
The sitting fee paid to the director is for the contractual obligation. If the one sitting fee exceeds rs.20000 or in a year if it will exceed rs.50000 then you have to deduct tds.
27 February 2009
Rao sir, one of our club member, has given a reply earlier.Pl read that in https://www.caclubindia.com/experts/experts_message_display.asp?group_id=7501
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