Commission to director
This query is : Resolved
17 October 2012
Whether a pvt.ltd co. can give its director, director remuneration as well as commission on sale is it allowable under companies act & income tax act.
Thanks & Regards
Rohit
Thanks & Regards
Rohit
18 October 2012
yes, Commission can be given.
But take care of Service tax which is applicable to co because of reverse charge mechanism.
and TDS is applicable u/s 194J @ 10%.
But take care of Service tax which is applicable to co because of reverse charge mechanism.
and TDS is applicable u/s 194J @ 10%.
18 October 2012
A company can give commission to the director.Definitely service tax under reverse charge has to be considered .
18 October 2012
Agree with CA manish Ji
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