Salary as well as professional fees to MD of the company
This query is : Resolved
25 March 2008
Please clarify! Can a MD of the company receive salary as well as professional fees from the company!If so TDS is to be deducted U/s. 192 and 194J is it!
25 March 2008
Sir in case of Director you need to follow schedule xiii of the companies act ..acc to the act professional fees also come under the salary for md
25 March 2008
Please go through this section This shows that it will not be included in Salary
Payment of fees for professional services to a
Director- Whether to be included for Schedule
XIII calculations
Any remuneration paid for professional services
rendered by any director shall not be included in calculating
the managerial remuneration under Schedule XIII,
if he has the requisite qualification for the practice of the
profession. [Proviso to Section 309(1)]
Payment of fees for professional services to a
Director- Whether to be included for Schedule
XIII calculations
Any remuneration paid for professional services
rendered by any director shall not be included in calculating
the managerial remuneration under Schedule XIII,
if he has the requisite qualification for the practice of the
profession. [Proviso to Section 309(1)]
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
