Tds on director's remuneration
This query is : Resolved
S.Jegadeesan
(Querist)
09 August 2012
Dear Sir,
As per recent notification I come to know that any amount, commission paid to an director should liable to deduct TDS @10%.
So it means the company cannot deduct the TDS as per normal individual slab rate, even the director's remuration exceeds 30% slab.
Am I correct?
Regards,
S.Jegadeesan
As per recent notification I come to know that any amount, commission paid to an director should liable to deduct TDS @10%.
So it means the company cannot deduct the TDS as per normal individual slab rate, even the director's remuration exceeds 30% slab.
Am I correct?
Regards,
S.Jegadeesan
CA Sumiit B Nagpal
(Expert)
09 August 2012
If it is a Whole time Director then TDS as per section 192 will be deducted on remuneration otherwise deduct u/s 194J @ 10%
CA Manikandan.A.V
(Expert)
09 August 2012
As per the new amendment, any remuneration not covered under section 192 is covered u/s. 194 J. So, director's remuneration is based on a employer-employee relation ship (for eg., PF deducted from such salary) 192 ie, 30% in your case is applicable. otherwise 10% u/s. 194J
CA BHARATH KUMAR
(Expert)
09 August 2012
as on their slab rate for whole time director for covered under 192b and others applicable under 194j @10%
S.Jegadeesan
(Querist)
10 August 2012
Dear Sir,
Thanks for your reply
Thanks for your reply
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