Tds for directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2015
Our company is Private Limited, and Share Capital below 50 Lacs.
We have 3 directors, there are involving in daily activities. So we paid salary/ remuneration to them and remit the TDS on section 92B (salaries)
is it right or we have to remit TDS U/s 94J.
if we remit TDS u/s 94J, their annual income exceeds 20lac. But they don't have Service Tax registrations.
Please guide us in this matter
We have 3 directors, there are involving in daily activities. So we paid salary/ remuneration to them and remit the TDS on section 92B (salaries)
is it right or we have to remit TDS U/s 94J.
if we remit TDS u/s 94J, their annual income exceeds 20lac. But they don't have Service Tax registrations.
Please guide us in this matter
27 June 2015
For those directors involving daily activities and paid salary TDS u/s 192 only applicable.
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27 June 2015
Yes. TDS deduction u/s.192 is correct for whole time director involving in business activities
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