can we paid Director's Remuneration in Cash

This query is : Resolved

Mukesh Kumar (Querist)
Follow

07 March 2009 Hi wish all of u a Colourful Holi.

Please tell me that
1. can we paid Director's Remuneration in cash?
2. Can we have to Deduct TDs on it.
I am waiting for reply.
Please mail me at my mail id
mkp2685@gmail.com
or
filmsmukesh@gmail.com.

Shyam Lal Naik

Shyam Lal Naik (Expert)
Follow

07 March 2009 Payment in cash is subject to celling of Rs. 20,000/- per day.

You need to deduct TDS. There is diverse practice. Som deduct u/s 192B and others u/s. 194H

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok