Tds on director's salary
This query is : Resolved
12 April 2012
From which new amendment of Tds Deduction on Director's salary applicable??and please provide details about amount and rate?
12 April 2012
TDS on salary is introduced very long back.
12 April 2012
Friends, Earlier Director Remuneration paid by company is being treated as Salary under section 192, but now after budget 2012, Director Remuneration will be covered under section 194J and TDS will be deducted @ 10% under Fee for professional or technical services under section 194J.
This amendment will be applicable w.e.f. 01-07-2012
This amendment will be applicable w.e.f. 01-07-2012
Message likes :
1 times
12 April 2012
Hi
Go to the following link for more details:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp
Go to the following link for more details:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp
12 April 2012
@Praveen: The budget has treated only remuneration other than salary u/s 194J. However, Remuneration paid to MD or WTD will be salary only since they are employees of the Company in capacity of MD and WTD.
The amendment was mainly to bring sitting fee paid to directors under TDS bracket.
The amendment was mainly to bring sitting fee paid to directors under TDS bracket.
13 April 2012
YES,RIGHT SAID ABOVE...TDS IS TO BE DEDUCTED
U/S 194J...FOR PAYMENT MADE IN FORM OF SITTING FEES & COMMISSION TO DIRECTOR OF THE COMPANY.
U/S 194J...FOR PAYMENT MADE IN FORM OF SITTING FEES & COMMISSION TO DIRECTOR OF THE COMPANY.
13 April 2012
YES,RIGHT SAID ABOVE...TDS IS TO BE DEDUCTED
U/S 194J...FOR PAYMENT MADE IN FORM OF SITTING FEES & COMMISSION TO DIRECTOR OF THE COMPANY.
U/S 194J...FOR PAYMENT MADE IN FORM OF SITTING FEES & COMMISSION TO DIRECTOR OF THE COMPANY.
Message likes :
1 times
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
