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Service tax liability on a Director's remuneration


Excellent analysis

In cases where a director of the company also works as its employee in different capacity, then the salary component as given to similarly placed employees can be deducted and the remuneration as director can be arrived at for purpose of service tax levy.
The Form 16 of IT Act is not relevant here. The Director's positioning is determined under companies Act as discussed in article.

cestat cestat 16/05/2016

 

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