Levy of service tax on Directors Salary - The Appellate Tribunal ruled in favor of the Appellant,...

Levy of service tax on Directors Salary - The Appellate Tribunal ruled in favor of the Appellant, emphasizing that remuneration paid to whole-time directors, who are employees, does not constitute a taxable service. The Tribunal reiterated the statutory exclusion of transactions between employer and employee from service tax liability. It further clarified that all payments to whole-time directors, regardless of components, are considered as salary and exempt from service tax. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X