Allowablity of expenses & tds
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
Dear Sir,
PVT LTD Co. Case :- We have fixed our director's remuneration, addition to above company is willing to pay COMMISSION to directors(Variable portion).
1) Co. should deduct TDS on such Comm. U/s 194H/194J or 192B.
Thx.
Rahul
PVT LTD Co. Case :- We have fixed our director's remuneration, addition to above company is willing to pay COMMISSION to directors(Variable portion).
1) Co. should deduct TDS on such Comm. U/s 194H/194J or 192B.
Thx.
Rahul
18 July 2012
1. The remuneration shall first be bifurcated into SALARY and OTHER REMUNERATION.
2. TDS on salary shall be deducted u/s 192B.
3. TDS on other remuneration (including commission) shall be deducted u/s 194J.
2. TDS on salary shall be deducted u/s 192B.
3. TDS on other remuneration (including commission) shall be deducted u/s 194J.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2012
Many Thx. Siddhartha,
It means even if we pay commission to whole time director we have to deduct TDS U/s 194J.........?
It means even if we pay commission to whole time director we have to deduct TDS U/s 194J.........?
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