Tds on dir. sitting fees

CA Goutam Sharma (Chartered Accountant in Practice)   (468 Points)

31 January 2012  

Is TDS applicable to Director's sitting fees?(Sitting Fees recd. by Individual is Rs.245000 in a year)

If yes,Under which Section?

Clarify about the meaning of Managerial under 194J.Circular/Notification/Case must be mentioned for better understanding.