Tds on director remunration
This query is : Resolved
13 December 2014
Sir, we are paying Rs. 25000 p.m. to our director in F.Y. 2014-15, but till time we could not deduct TDS on Director remunration.
Please tell that how much amount of TDS will be deducted from Rs. 25000 p.m. Also tell me that can we deduct & deposit total amount of TDS for amount given to director, till date.
Thanks.
Please tell that how much amount of TDS will be deducted from Rs. 25000 p.m. Also tell me that can we deduct & deposit total amount of TDS for amount given to director, till date.
Thanks.
CA R SEETHARAMAN
(Expert)
13 December 2014
If he is full time director deduct TDS u/s 192 otherwise TDS at 10% u/s 194J applicable. Deduct till date and remit along with interest.
Amol S Joglekar
(Expert)
13 December 2014
If it is REMUNERATION, you can deduct the TDS as per SALARY limits, taking into account the deductions etc. e.g. prof tax, 80C deductions etc.
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Equity Share Sale and Purchase
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
