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Tds on director's remuneration

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(Querist)
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)..
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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.
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Nitesh

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