Directors' remuneration
This query is : Resolved
Naveen Rishi Kumar
(Querist)
10 March 2015
Is there a service tax liability if a director receives remuneration from two private companies? If yes, then who is liable, the company or the director?
10 March 2015
Company is liable to pay service tax under RCM on payments to directors - non executive (non employee)
Naveen Rishi Kumar
(Querist)
10 March 2015
Nilesh, thanks for your response. Is it not possible that the director is working part-time in both the companies?
10 March 2015
If you are treating them as an employee of the company and issuing form Form 16 -income tax and then only you are not liable to pay service tax
Part time and full time is irrelevant factor to determine
Trust the above clarifies.
Part time and full time is irrelevant factor to determine
Trust the above clarifies.
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Naveen Rishi Kumar
(Querist)
10 March 2015
Thanks Nilesh. It seems that the issue gets resolved.
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