Salary paid to director
This query is : Resolved
Goutam Basak
(Querist)
12 July 2014
Sir,
I want to know that my company is paying salary of Rs200000/-P.m to a director from F.Y 2014-2015, In which section TDS will be deducted and rate of TDS and any other related matter to be consider in this regards.
Please help me out.
Thanks.
I want to know that my company is paying salary of Rs200000/-P.m to a director from F.Y 2014-2015, In which section TDS will be deducted and rate of TDS and any other related matter to be consider in this regards.
Please help me out.
Thanks.
Sandeep Dharar
(Expert)
12 July 2014
As per me TDS should b deducted u/s 194J. Well u can also wait for other expert's reply.
CA SUNIL K GARG
(Expert)
12 July 2014
IF DIRECTOR IS IN EMPLOYMENT WITH THE COMPANY, THEN TDS WILL BE DEDUCTED U/S 192, OTHERWISE UNDER SECTION 194J
Ankur Garg
(Expert)
12 July 2014
Yes. In your case there is liability of TDS.
Kindly check the link below for detailed answers by experts:
https://www.caclubindia.com/experts/tds-on-directors-remuneration-of-private-limited-company-1367459.asp#.U8D2rqM27cs
Thanks
Kindly check the link below for detailed answers by experts:
https://www.caclubindia.com/experts/tds-on-directors-remuneration-of-private-limited-company-1367459.asp#.U8D2rqM27cs
Thanks
Goutam Basak
(Querist)
14 July 2014
thanks for suggestion
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