17 September 2009
depends on the status of directors , if non exec director 194J , otherwise salary norms u/s 192 check also 309(2) of the companies act ...For independent directors :-As a director he is also a manager under the provisions of the Companies Act, 1956 he is, therefore, a technical personnel and any payment made to such director be it a sitting fee or any other sum shall be required to be taken into consideration for the purposes of deduction of tax at source under section 194J of the Income tax Act
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