40(a)(i)

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sriram (Querist)
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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

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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.

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sriram

sriram (Querist)
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21 June 2012 Tks for response and wat if tds u/s 195 is made but tax deposited after due date of 200(1)

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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

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sriram

sriram (Querist)
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21 June 2012 Tks alot amit for ur efforts

sriram

sriram (Querist)
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21 June 2012 Amit can u get were its said tat 192 is applicable for remuneration paid to non residents

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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21 June 2012 Section 195 does not apply if section 192 applies.
Read Section 195 carefully, you will get your answer.
Thanks.

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