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
CA R SEETHARAMAN
(Expert)
27 June 2015
For those directors involving daily activities and paid salary TDS u/s 192 only applicable.
Message likes :
1 times
CMA Ramesh Krishnan
(Expert)
27 June 2015
Yes. TDS deduction u/s.192 is correct for whole time director involving in business activities
Message likes :
1 times
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