Hi,
Please guide me for the TDS on Directors' Sitting Fees. whether TDS is applicable or not ? if yes please mention under which section?
With regards & thanks
Nitin Patel
patel nitin (chartered Accountants) (39 Points)
03 December 2008Hi,
Please guide me for the TDS on Directors' Sitting Fees. whether TDS is applicable or not ? if yes please mention under which section?
With regards & thanks
Nitin Patel
Ajay Kumar Sana
(CA & CS)
(48 Points)
Replied 03 December 2008
caselvaraja
(Senior Executive)
(20 Points)
Replied 03 December 2008
| Originally posted by :patel nitin | ||
| " |
Hi Patel, TDS need to be deducted Under Section 194 J - Professional charges Hi, |
" |
CA Uttam
(Chartered Accountant)
(406 Points)
Replied 03 December 2008
Hi Patel,
Any amount paid to Directors is treated as Director's Remuneration as per Companies Act 1956.
Sitting Fees is to be shown separately in P&L a/c.
TDS should not be deducted on it
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