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Tds on director's remmunaration.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2012 Hello Sir,

Could you please guide me on following issues on TDS on Director's Remuneration:-

1) If I have have deducted TDS for July Salary which was paid on 2nd Aug 2012, then what will be the due date for TDS payment ? Is it 7th Sep 2012 ?

2) Whether my Directors will get Tax exemption to the extent of amount which I have paid already as TDS on Director's Remuneration?

06 September 2012 1 - 7 aug. (its related to july )
2 - if remuneration amount is below taxable limit than not require to deduct TDS otherwise u required to deduct TDS on remuneration on the basis of slab rate of director and that amount u require to deposit .

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2012 Thank You Very Much Prateekji.


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