Section 194j(1)(ba)

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2012 if director salary cover in 30% slab rate, Tds should be deducted @ 10% or 30%.
if we apply section 194j(1)(ba) then tds ded @ 10%
but if treated as salary tds deducted @ 30%.

Is section 194j(1)(ba) prevails,because of specific section or we have to deduct Tds @ 30% ???

23 June 2012 Executive directors areliable for TDS u/s 192 as TDS from salary and section 194J(ba) is not applicable to such amount.It is applicable if payment is made to non executive direectors or to executive dirctors if it does not form part of salary.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2012 thanks but executive and non executive director condition is not written anywhere,its just our estimation,please reply if you have any reference for that.


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