Does Director siting fees qualify for TDS u/s 194J as Director Remuneration if the amount exceeds Rs20000 and it is the only form of consideration to the Director?
Does Director siting fees qualify for TDS u/s 194J as Director Remuneration if the amount exceeds Rs20000 and it is the only form of consideration to the Director?
Sitting fee paid to director is considered as Managerial remuneration as per income tax Act. There Tax at source will be deducted accordingly as per sec 192B not 194J.
yes it is liable for TDS as it is a remunaration
u/s 192B i.e. under the head salary not in professional
as there exits employer-employee relationship
Rgds/-
Anil Jain
T R SOOD & CO
New Delhi
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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SMJ global advisors pvt ltd
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