Tds on director's remuneration

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Nitesh (Querist)
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16 November 2012 I want to know that..right now we are deducting TDS on director's remuneratio as deducted on salary (Sec - 192)...but i got an information that TDS should be deducted under Sec 194J (1)(ba)....
Is it Mandatory to deduct U/s 194 J (1) (ba)..

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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16 November 2012 As per newly inserted section 194J(1)(ba) any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company is liable for TDS @ ten per cent. of such sum as income-tax in accordance with the provisions of the aforesaid section.

So you may continue to deduct u/s 192 as earlier.

Nitesh

Nitesh (Querist)
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16 November 2012 Thank you Sanjay...

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