Fees Paid to Company Directors Taxable?

By Vijay Kumar

THE TRU Power Point says,

Not excluded and thus taxable:

++ Applicable to all kinds of directors except of government regulatory bodies

++ Any monetary or no-monetary consideration

++ Director's fee

++ Commission/bonus

++ Company car/ travel reimbursements

What will be the status of payments made to a partner? And what is the position of whole-time directors?