TDS
This query is : Resolved
24 January 2009
Dear All,
Ours is a private limited company with 3 directors 2 of whom are promotors with 2/3 and 1/3 share. They are taking almost 1.6 lac per month i.e. 19.2 lac pa
1. Can I take a substantial amount of this as consultation fee paid to them. As this would make TDS only 10.33%.
2. Since these two persons hold substantial interest in the company, being share holders will it be a problem
Ours is a private limited company with 3 directors 2 of whom are promotors with 2/3 and 1/3 share. They are taking almost 1.6 lac per month i.e. 19.2 lac pa
1. Can I take a substantial amount of this as consultation fee paid to them. As this would make TDS only 10.33%.
2. Since these two persons hold substantial interest in the company, being share holders will it be a problem
24 January 2009
Pl check section 314(1B) of The Companies Act,1956.
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