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Whether TDS Is Required To Be Deducted On Directors Remuneration?

QUERY: Pursuant to corporate governance norms of SEBI, listed companies are required to appoint Non-executive Independent Directors who may be industrialists or professionals like Advocates, CAs, etc. They are paid sitting fees for attending board meetings of the company. They are also paid a commission based on percentage of net profits of the company. Whether such payments are liable to TDS and if yes, under which section
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– Non-executive Independent Directors are providing managerial services. Hence, Explanation 2 to section 9(1)(vii) would be applicable, which reads as under:

“Fee for technical services” means any consideration (including any lump sum

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