Director remuneration

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This query is : Resolved

DHILU E JOSEPH (Querist)

25 February 2015 Hi Sir

please anybody tell me can i treat Director Remuneration as income from profession accordingly deduct TDS u/s 194J.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 February 2015 If the Director is whole time director and receives monthly salary deduct TDS u/s 192.
For other directors TDS applicable u/s 194J.

Rupesh Jain

Rupesh Jain (Expert)

25 February 2015 yes if director is not the fulltime direction and not on the companypay roll.

DHILU E JOSEPH

DHILU E JOSEPH (Querist)

25 February 2015 when a director can be called whole time director?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 February 2015 As per the explanation under section 269 of the Act, a whole-time director includes a director in the whole-time employment of the company. In other words, a director who devotes his whole time to the affairs of a company is called a whole-time director of the company. A whole-time director of a company cannot accept the position of a whole-time director in other companies, though he may accept office of non-whole-time director in other companies subject to the limits imposed by section 275 read with sections 277 and 278.

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