TDS on Director remuneration
This query is : Resolved
21 May 2010
Whether director remuneration taxable under head of salary or other income
Whether TDS deducted under section 192 or 194C
Whether TDS deducted under section 192 or 194C
21 May 2010
Directors remuneration is taxable under the head salary and TDS is to be deducted u/s.192
21 May 2010
agreed with arugam
21 May 2010
AGREE. U/S 192B
22 May 2010
Sec. 15 of Income tax Act, Income taxable under the head salaries only if there exists employer & employee relationship between the payer & payee.
Sec. 2(13) of Companies Act – meaning of Director – Director as such are not employer or servant of the company .
Sec. 56(2) of Income tax Act, specific Income chargeable under the head “Income from other sources “ include Director Fee .
As per above point Why Director remuneration taxable under head “Income From salaries”. Why not Income chargeable under the head “Income from other sources”
Sec. 2(13) of Companies Act – meaning of Director – Director as such are not employer or servant of the company .
Sec. 56(2) of Income tax Act, specific Income chargeable under the head “Income from other sources “ include Director Fee .
As per above point Why Director remuneration taxable under head “Income From salaries”. Why not Income chargeable under the head “Income from other sources”
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?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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?
Trending Online Classes
CAclubindia
