Is Sitting Fee Paid to Director Taxed as Salary or Income From Other Sources ?

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is there income tax on sitting fees received by the director on attending the board meeting ? If on sitting fees tds has been deducted under 194J ie professional will it be taxed under salary or other source.Alka Gaglani, MumbaiThere has to be employer & employee relationship for treating a receipt by a

Tags: I T Act Salary section 198 TDS

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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