194j(1)(ba).

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Mrugeshh Khatri (Querist)
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01 August 2012 As per Budget 2012 TDS on remuneration to directors is to be deducted @ 10% u/s 194J(1)(ba).

w.e.f. 01/07/12 whether we have to deduct TDS @ 10% directly on total remu.

i.e. if remu. is Rs. 1 lacs p.m.. deduct TDS Rs. 10 k.

but some CA suggest that..As per Section 194J(ba), TDS @ 10% is to be deducted on amounts other than those on which tax is deductible u/s 192 (Salary).

so whats true???

Amol S Joglekar

Amol S Joglekar (Expert)
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01 August 2012 You need to bifurcate SALARY to be given to director employee AND other than SALARY (Remuneration). Salary will go by 192 and rest will go by 194J

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