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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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.

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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.........?

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