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)]
CAclubindia
