40(a)(i)
This query is : Resolved
21 June 2012
is directors remuneration considered as salary for purpose of 40(a)(i)if that remuneration is paid abroad and TDS u\s 195
21 June 2012
Dear Mr. Sriram,
If the director are non resident then Section 40(a)(i)shall be applicable and TDS will be deducted u/s 192 and not u/s 195.
If the director are non resident then Section 40(a)(i)shall be applicable and TDS will be deducted u/s 192 and not u/s 195.
Message likes :
1 times
21 June 2012
Tks for response and wat if tds u/s 195 is made but tax deposited after due date of 200(1)
21 June 2012
Dear Mr. Sriram,
If the directors are non resident and TDS is not deducted u/s 192 then salary paid will be disallowed u/s 40(a)(iii)
If the head is wrongly mentioned then it can be corrected within 7 days by informing the respective banks, else AO tds will rectify the mistake.
The TDS is deposited after the due date then interest will paid @1.5% per month or part of the month from the date of deduction
If the directors are non resident and TDS is not deducted u/s 192 then salary paid will be disallowed u/s 40(a)(iii)
If the head is wrongly mentioned then it can be corrected within 7 days by informing the respective banks, else AO tds will rectify the mistake.
The TDS is deposited after the due date then interest will paid @1.5% per month or part of the month from the date of deduction
Message likes :
1 times
21 June 2012
Amit can u get were its said tat 192 is applicable for remuneration paid to non residents
21 June 2012
Section 195 does not apply if section 192 applies.
Read Section 195 carefully, you will get your answer.
Thanks.
Read Section 195 carefully, you will get your answer.
Thanks.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Bank Accounts in Balance Sheet for ITR 3
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
