can we paid Director's Remuneration in Cash
This query is : Resolved
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.
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.
07 March 2009
1. Yes, if the monthly salary is below Rs. 20,000.00 then you can make payment in cash.
07 March 2009
2. if salary for the year after deducting exempted allowances and investment u/s 80C is more than 150,000 then you need to deduct TDS on monthly basis.
Message likes :
1 times
07 March 2009
But for Cash payment do affix a revenue stamp. and for TDS just take decleration from directors about his other incomes and deductions as provided in Section 192.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- SGST balance is there in credit ledger how to adjust for cgst
- Internship/Academic shown in Salary Pay Slip of a Doctor
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
