Sorry to bring up the query again. I am confused by divergent views read in various forums.
I have for reference the decision of Delhi HC in in CIT v. Orissa Cement Ltd. [2001] 250 ITR 846/118 Taxman 449. As I understand TDS is to be made for sitting fees. Is there any other case law overriding this?
What is the legal/judicial position as many big corporates do deduct TDS from Sitting Fees paid.
Regards
Raman
Hi all,
Which are the best classes for Direct Taxes ? My attempt is in May 2010. (CA Final New Course). Are Kalpesh Classes the best for teaching & notes and do they give guarantee for completion of portion in time ? In Andheri where are they located (Near Station )?
If the employee resigns before 3 years and pays Rs. 3 lakhs to the company, how will this amount be treated in the hands of the employee and employer? Will the employee get any benefit of Rs. 3 lakhs paid to the employer
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Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
TDS from Sitting Fees paid to Directors