TDS and Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2011
Assessee is Director of P ltd
His remuneration is 3lakhs PA
He paid advance tax 25,000
whether company still need to deduct TDS
on remunaration
His remuneration is 3lakhs PA
He paid advance tax 25,000
whether company still need to deduct TDS
on remunaration
CA NIDHI VYAS
(Expert)
02 June 2011
here there is no need to deduct TDS because there is no liability on the part of Director after payment of Rs. 25000/- as Advance Tax.
Pls refer the case of Hindustan Coca Cola Beverage (P) Ltd. v/s. Commissioner of Income Tax, (2007) 293 ITR 226(SC0
Pls refer the case of Hindustan Coca Cola Beverage (P) Ltd. v/s. Commissioner of Income Tax, (2007) 293 ITR 226(SC0
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