Directors remunaration & s.tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2012
Dear Experts,
Should we deduct S.Tax on payments made to my MD on monthly basic of Rs 1.5 lacs
Currently we haven't registered for S.TX then what is the course of acction then...
Regards
Should we deduct S.Tax on payments made to my MD on monthly basic of Rs 1.5 lacs
Currently we haven't registered for S.TX then what is the course of acction then...
Regards
23 August 2012
No service tax is payable on the payment made to Directors where employee employer relationship exists
10 September 2012
It seems yours is a company and therefore the following reverse charge is applicable from 01.07.12.
1) Advocate fees(even if it is Rs.5000?)
2) Goods transport agencies
3) Security guard (man power).
4) Rent a cab service......and so on
As such, have you not taken service tax RC so far? As already indicated by the expert, payment to whole time directors/MD/Executive directors where employer -employee relationship exists there is no service tax.
1) Advocate fees(even if it is Rs.5000?)
2) Goods transport agencies
3) Security guard (man power).
4) Rent a cab service......and so on
As such, have you not taken service tax RC so far? As already indicated by the expert, payment to whole time directors/MD/Executive directors where employer -employee relationship exists there is no service tax.
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