TDS on sitting fees paid to directors

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kamini (Querist)
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04 February 2010 Sitting fees paid to directors an amount of Rs.10000,is this liable to tds n wherther there is any limit for deduction of TDS.

CA Shishir

CA Shishir (Expert)
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04 February 2010 Sitting fees to directors is professional in nature. The provision of sec 194J will apply.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 February 2010 A director is also a manager under the provisions of the Companies Act, 1956. He is, therefore, technical personnel. Any payment made to such director (be it 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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 February 2010 Tds applicable as 194J

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