Tds
This query is : Resolved
CA.Ritu Agarwal
(Querist)
27 December 2013
Whether Tds on directors remuneration is to be deducted by the company on any amount. Say the remuneration amount is 5ooo per month and director has aleady paid advance tax for his income in that case also do company need to deduct and pay.
Kindly reply
Thanks
Kindly reply
Thanks
CMA Ramesh Krishnan
(Expert)
29 December 2013
Incae if the remuneration not covered under section.192, need to deduct 10% as per sec.194J,However the threshold limit u/s.194J is Rs.30000/- incase total amount is exceeding this limit need to deduct tds. Incase Rs.5000/- per month means the total annual payment comes under Rs.60000/- so need to deduct TDS 10% u/s.194J
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