15 June 2013
A RECENT SECTION TDS ON DIRECTORS REMUNERATION UNDER SECTION 194j(1)(ba) implemented on from 01.07.2012, where it is mentioned that the tds on remuneration will be deduct @10%.but whenever i filling tds return as salary 92b section it is auto calculated in rpu as incometax slab wise.
Therefor please anybody help me in this point how i fill up the tds return and in which section i have to deposit the money on TDS ON DIRECTORS REMUNERATION SECTION 194j(1)(ba)
15 June 2013
dear sir managing director is full time employees of the com. u/s 194 J tds only technical service or director not in full time employee of company then tds will deduct for example % of sale, sitting fee of director etc Remuneration to not full time employee Will attract TDS u/s 194 J @ 10%
17 June 2013
There are two options of giving payment to a director:
a) Either as an Employee i.e Fixed Salary per month-In this case deduct as per slab rate B) Or As a Professional or part time then he will get fees for professional services or Sitting fees.-In this case it will not be under salary, so deduct @10%
CAclubindia
