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Tushar Desai's Expert Profile

Queries Replied : 223

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About me

Tushar Desai

CFO

Crest Infosystems Pvt Ltd, Surat

    What kinds of questions I can and can't answer?
    Can Answer: Direct / Indirect taxation, Payroll accounting;

    My area of expertise
    Income Tax, TDS / TCS, VAT / CST, Taxation, accounts

    My experience in the area (years):
    6 Years

    Organizations I belong to:
    Crest Infosystems Pvt Ltd

    Publications or writing which has appeared :
    N.A

    Educational credentials:
    MBA - Finance & Accounts, BCA

    Award & Honors:
    -

  • Tushar Desai says : Director Pf
    yes, it is possible. You can shoe that your director is not a full time employee of the company. So, you will not pay any salary. Whatever amount is paid to the director will be considered as his Professional Income taxable under section 194J.

  • SANGHARSH PAWAR says : PROVIDENT FUND
    WHAT IS THE PROCEDURE TO BE FOLLOWED FOR NON DEDUCTION OF P.F. FROM SALARY OF CONTINUING DIRECTOR ( I.E. WITHOUT RESIGNATION ) OUR ADVOCATE SUGGESTED THAT DIRECTORS HAVE TO RESIGNED TO STOP THE DEDUCTION OF P.F. AMOUNT. MY QUERY AS FOLLOWS : X PVT. LTD. HAS 4 DIRECTORS, COMPANY IS DEDUCTING P.F. FROM THEIR SALARY @12%. DIRECTORS ARE GETTING SALARY 1 LACS P.M.. NOW DIRECTORS ARE WANTED, THAT P.F. NOT TO BE DEDUCTED FROM THEIR SALARY, BECAUSE THEY ARE GETTING MUCH AMOUNT AS A SALARY. KINDLY EXPLAIN, WHETHER IT IS POSSIBLE THAT P.F. SHOULD NOT BE DEDUCTED FROM THE SALARY OF CONTINUING DIRECTOR / EMPLOYEES, IF POSSIBLE KINDLY EXPLAIN THE PROCEDURE TO BE FOLLOWED FOR THIS PURPOSE.


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