Tds
This query is : Resolved
Anita Singh
(Querist)
11 April 2015
We have two directors in our Company and Remuneration paid to each director is Rupees 300000.Is there any requirement to deduct TDS ? I am confuse u/s 192 and 194J.
11 April 2015
Section 194J(1)(ba) - Payment to Directors any remuneration or fees or commission by whatever named called if the same is not covered u/s 192.
So if the director is in employment of company drawing salary then TDS to be deducted u/s 192 otherwise provision of section 194J(1)(ba) will be attracted and TDS will be deducted @10%.
So if the director is in employment of company drawing salary then TDS to be deducted u/s 192 otherwise provision of section 194J(1)(ba) will be attracted and TDS will be deducted @10%.
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