Taxability of Director Fees

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CA,CS Robin Sojrani (Querist)
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03 May 2010 Rendering of professional services by a non - executive director in his professional capacity does not amount to holding of office or place of profits. However if the services are rendered on regular retainer basis, it would amount to holding of office or place of profit.

Under which head it would be taxable in the hands of director i.e. Other sources (Director Fees) or PGBP(Proffesional Fees)?

Also whether the Reimbursement of expenses incurred by the director for providing the financial service would be taxable in the hands of director?

Also whether the same provisions/principle applies if the director is a Non- Resident?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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03 May 2010 replied here
https://www.caclubindia.com/forum/taxability-of-director-fees-81135.asp

Rasesh

Rasesh (Expert)
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08 May 2010 If the director is paid only sitting fees, it should be considered as income from other sources. If it is as retainership, then from business or profession.

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