director remuneration

This query is : Resolved 

24 June 2008 is a PRIVATE COMPANY liable to deduct TDS on director remuneration?

also, whether is it possible to make such payment without deducting tax at source?

24 June 2008 Yes TDS on directors remuneration is liable to be deducted by the company under TDS on salaries.

Payment without TDS will attract interest or penalty or both.

27 June 2008 what to do if the company hasnt applied for TDS no. and it is into its 2nd year of operation?

will the co. be liable to pay TDS on remuneration paid to directors b4 applyin for the no.?

also, there is no other employee receiving salary more than 40,000 only directors receive remuneration?

Is the co. liable to deduct tax on remuneration to non-executive director also?

how to rectify such a situation?

Thank you

27 June 2008 pls help

13 July 2008 pls help urgent

22 August 2008 apply for the tan no & deduct & pay the tds with intt.


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