Sec 194 (1) (ba)

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Ankit Jain

Ankit Jain (Querist)
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26 February 2013 Salary paid to executive director will cover under this section???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 February 2013 In accordance with newly inserted clause 1(ba) in Section 194J, TDS @ 10% is to be deducted from any remuneration paid to Directors of a company with effect from 1st July, 2012.

This clause reads as follows
“Any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company shall be liable for TDS @10%.”

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