Hi All,
Pls tell, is there any statutory requirement to deduct TDS on the Sitting Fees, being paid to directors of a company (both private & public co.)?
If Yes, then do share any documentary evidence.
Regards,
VINEESH KHANNA
VINEESH KHANNA (CHARTERED ACCOUNTANT) (164 Points)
16 March 2009
Hi All,
Pls tell, is there any statutory requirement to deduct TDS on the Sitting Fees, being paid to directors of a company (both private & public co.)?
If Yes, then do share any documentary evidence.
Regards,
VINEESH KHANNA
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 17 March 2009
No, there is no need to deduct TDS on sitting fees.