GAUTAM SHARMA (Audit Assistant) 07 December 2013
If directors are in whole time employment(MD,WTD) of the company, then TDS u/s 192B.
If directors are ordinary or non executive directors, then TDS is to be deducted u/s 194J in respect of any remuneration, sitting fees or commission paid to them.
Also payment to ordinary directors will attract TDS u/s 194J without any threshold limit.i.e. limit of Rs. 30000 is not applicable in such cases.
Also if Directors are ordinary directors, then service Tax shall be payable by company (Reverse charge).Refer Notification 36/2012.