Tds on directors fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2016
Dear experts,
please let me know weather TDS will be deduct on directors fees u/s 192 or 194J
regds
amar
please let me know weather TDS will be deduct on directors fees u/s 192 or 194J
regds
amar
21 September 2016
Hi,
It depends upon the nature of remuneration.
If there is employer employee relationship, then TDS u/S 192 has to be deducted.This is generally applicable to directors who are in full time employment of the company.
For payments like sitting fees to independent directors, 194J will be attracted, as it is considered a professional service and there is no Employer Employee relationship.
So based on the above, find out which one is applicable in your case.
Regards
Bharath
It depends upon the nature of remuneration.
If there is employer employee relationship, then TDS u/S 192 has to be deducted.This is generally applicable to directors who are in full time employment of the company.
For payments like sitting fees to independent directors, 194J will be attracted, as it is considered a professional service and there is no Employer Employee relationship.
So based on the above, find out which one is applicable in your case.
Regards
Bharath
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