SpletAs regards Ground No.2 and 2.1, the Ld. AR submitted that the assessee had paid remuneration to the Director including sitting fees for attending the Board Meetings etc. to the extent of Rs. 2,55,000/- as contended by the Assessing Officer and hence, the assessee was liable to deduct TDS as per provisions of Section 194J on the amount … Splet26. nov. 2024 · Non-Executive Directors are not entitled to remuneration but are subject to payment of Sitting Fees. As far as Director Sitting Fees paid is concerned, the same is liable for deduction under section 194J and considered as professional fees and not Salary. Treatment under Companies Act, 2013
Directors
According to Section 197 of the Act, except with the approval of the company in general meeting by passing a special resolution, the company can pay remuneration to its non-executive directors as follows: (a) 1% of the net profit of the company, if there is an existing managing or whole-time director or manager. … Prikaži več According to the provisions of Section 197 of the Act, the total managerial remuneration payable by a public company, to its … Prikaži več Till the Companies (Amendment) Bill, 2024 [now, Companies (Amendment) Act, 2024], there was no specific provision in the Act to pay non-executive directors by way of commission, in the event of loss or inadequate profits of … Prikaži več SpletThe company may pay sitting fee to its Directors except Executive Directors such sum as may be decided by the Board of Directors for attending meetings of the Board or a … bowling caen mondeville
Payment of Sitting Fees to Non Executive Directors - Microsoft
SpletThe sitting fees amount limit is decided and fixed by the board of directors in its meeting. It can fix any amount of sitting fees subject to a maximum of Rs. 1 lakh per meeting of the … SpletSitting Fees to Non-Executive Directors ... This disqualification should be retained. 19.4 In case of sick companies which have defaulted on payment of deposits/debentures etc., it is necessary to re-constitute its Board of Directors for the purpose of rehabilitation of such companies. The new directors who join boards of such companies are ... SpletYou pay him a directors' fee of $4,050 every three months. Calculate the contribution in the following way: Prorate the basic yearly CPP exemption to get the quarterly amount: $3,500 ÷ 4 = $875 The amount from which you deduct contributions is $3,175 ($4,050 – $875) The amount of CPP contributions you remit is: bowling cafe mistelbach