Tds on director remuneration
This query is : Resolved
19 March 2014
Where Director Remuneration is entered by journal entry at the end of the financial year, as Director Remuneration payable for the year.
1) The liability to deduct and pay TDS u/s 192B arises at the end of financial year or at the end of each month of that financial year?
2) and TDS Return in form 24Q is to be filed Quarterly or We can file for the whole year in Quarter IV Return?
1) The liability to deduct and pay TDS u/s 192B arises at the end of financial year or at the end of each month of that financial year?
2) and TDS Return in form 24Q is to be filed Quarterly or We can file for the whole year in Quarter IV Return?
CA Parul Saxena
(Expert)
19 March 2014
Logically you can not record expense for whole the year at one date only in the last month of the year as accrual concept exist so remuneration must be followed at the end of each month and tds should be paid accordingly.
20 March 2014
But if the Director Remuneration is not paid during the year can we deduct and pay TDS only once (i.e. at the end of the year)or we have to pay Interest for the delay of deduction and payment of TDS on monthly basis.
CA Parul Saxena
(Expert)
20 March 2014
In my opinion interest for late deduction and payment must be paid
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
