Director remuneration
This query is : Resolved
02 July 2012
Dear All,
One of our company(AAA) Employee is receiving salary of Rs 40000 pm.
The same employee is a Director of our sister concern(BBB) & he is receiving Rs 5000 has remuneration from Sister concern.
Anyhow AAA company is deducting TDS u/s 192.
My question is do BBB company needs to deduct any TDS on Rs 5000?
If yes, tan which section & what is the percentage.
Please assist.
One of our company(AAA) Employee is receiving salary of Rs 40000 pm.
The same employee is a Director of our sister concern(BBB) & he is receiving Rs 5000 has remuneration from Sister concern.
Anyhow AAA company is deducting TDS u/s 192.
My question is do BBB company needs to deduct any TDS on Rs 5000?
If yes, tan which section & what is the percentage.
Please assist.
02 July 2012
Company BBB is required to deduct TDS u/s 194J @ 10%.
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