Tds on director's remuneration

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Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2013 Dear Sir,

We are paying remuneration Re. five thousand per month is tds deductible.

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CA bhargava

CA bhargava (Expert)
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17 January 2013 TDS is not applicable as the total is 60,000/- but you will be getting service tax provisions on this and you will be liable to pay 12.36% on the directors remuneration

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2013 what is provisions of Service Tax regarding Director's remuneration, we are Providing Event Management services and charge service tax.

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CA bhargava

CA bhargava (Expert)
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17 January 2013 the service related to directors is., the director service is considered as taxable service and the company shall be liable to pay service tax on reverse charge mechanism on the services of the director to the company., these are the new provisions which came from 1st July 2012

Querist : Anonymous

Querist : Anonymous (Querist)

17 January 2013 According to me Full time Directors are not liable for service tax, in our case directors is full time.