Payment of professional fee to first director of a company

Manoj Chaitanya Varma (0) (65 Points)

22 May 2019  

Facts of the Case:

1. It is Private Limited Company (Incorporated in Nov 2018)

2. One of the director(being First Director) is rendering Professional Services to his company during his free time. There is no employer-employee relationship with his company, and  He is an Employee in some other company where he is getting monthly salary.

My Query is:

a. Can we pay him Professional fee for the services rendered by him instead of monthly remuneration? and if professional fee is paid, then under what section TDS is to be deducted, whether it is U/s 194J or 192?

b. if we can pay him professional fee for his professional services, should there be any specific provision in the articles of the company?