Directors remuneration ...amendment 194j
This query is : Resolved
31 October 2012
1)DIRECTORS REMUNERATION IN THE NATURE OF SALARY .
2)DIRECTORS REMUNERATION WHICH IS NOT IN THE NATURE OF SALARY.
WHAT DOES THIS BOTH OF POINTS ABOVE MEAN PLEASE DO EXPLAIN!
ON WHAT BASIS THE NATURE OF SALARY BEING DECIDED ?
192 ? OR 194J ?
2)DIRECTORS REMUNERATION WHICH IS NOT IN THE NATURE OF SALARY.
WHAT DOES THIS BOTH OF POINTS ABOVE MEAN PLEASE DO EXPLAIN!
ON WHAT BASIS THE NATURE OF SALARY BEING DECIDED ?
192 ? OR 194J ?
CA CS Amit S. Kedia
(Expert)
31 October 2012
1. TDS on the Directors' Remuneration in the nature of salary will be deducted u/s 192.
2. The directors remuneration which is not in the nature of salary will come u/s 194J
Generally, the executive directors get fix monthly remuneration and the payment to them is made in course of employment and TDS u/s 192 will be deducted and TDS will be deducted u/s 194J in case of non executive directors who get sittting fees/ professinal fees etc
2. The directors remuneration which is not in the nature of salary will come u/s 194J
Generally, the executive directors get fix monthly remuneration and the payment to them is made in course of employment and TDS u/s 192 will be deducted and TDS will be deducted u/s 194J in case of non executive directors who get sittting fees/ professinal fees etc
31 October 2012
CAN WE DEDUCT tdS UNDER 194J , IF WE WANT TO ,CURRENTLY IT IS BEING DEDUCTED UNDER SEC 192 ..
CA CS Amit S. Kedia
(Expert)
31 October 2012
No, Salary/Remuneration to executive directors will be deduted u/s 192 only.
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