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
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Tax rate change regarding
- GST ISSUE OF INPUT AND OUTPUT GST
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- UDIN ISSUE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
