Payments to directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2012
xyz private limited has been paying Rs.30000 p.m to its director
my question is can he eligible for all the exemptions which are available to general employees (HRA, allowance etc based on normal pay scale )
if he is not eligible for, what about tds on payments
my question is can he eligible for all the exemptions which are available to general employees (HRA, allowance etc based on normal pay scale )
if he is not eligible for, what about tds on payments
14 December 2012
if director is whole time director and getting salary from the company then he is eligible for all exemptions and if director is independent and getting paid for his professional services , then this will be taxable in his hand as income from business and profession.
Message likes :
1 times
14 December 2012
when he is not eligible TDS to be deducted u/s 194J
thnaks
thnaks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
