TDS ON DIRECTORS SITTING FEES ON ROTATING BASIS EVERY YEAR
This query is : Resolved
10 April 2009
WE HAVE PAID RS 250 PER MEETING FOR 6 MEETINGS. WHETHER THIS INCOME TO BE ADDED TO THEIR GROSS REMUNERATION FOR TDS DEDUCTION.
WE HAVE INCREASED THE AUTHORISED SHARE CAPITAL TO RS 1 CRORE BY CAPITALISATION OF RESERVES TO ENABLE ISSUE OF BONUS SHARES.
WHAT WILL BE THE MAXIMUM LIMIT TO FIX THE DIRECTORS SITTING FEES.
WE HAVE INCREASED THE AUTHORISED SHARE CAPITAL TO RS 1 CRORE BY CAPITALISATION OF RESERVES TO ENABLE ISSUE OF BONUS SHARES.
WHAT WILL BE THE MAXIMUM LIMIT TO FIX THE DIRECTORS SITTING FEES.
10 April 2009
For the directors when you are paying remuneration again you should not pay sitting fees.
The payment itself is not warranted. If you are stil paying for the purpose of income tax tds deduction you have to add to the remuneration.
The sitting fees shall be decided on the basis of the turnover of the company and not on the capital of the company. It differs from company to company and based on the Board. We cannot genralise the sitting fees.
For the directors when you are paying remuneration again you should not pay sitting fees.
The payment itself is not warranted. If you are stil paying for the purpose of income tax tds deduction you have to add to the remuneration.
The sitting fees shall be decided on the basis of the turnover of the company and not on the capital of the company. It differs from company to company and based on the Board. We cannot genralise the sitting fees.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
