Tds on directors remuneration
This query is : Resolved
27 September 2013
Dear All,
We are deducting & paying TDS on Directors Remuneration as per Section 192 as per salary . Both the directors taking Remuneration Rs. 30000/- each and TDS on Rs. 1000/-per month . They also pay advance tax and file personal ITR . My query is our company is not deducting TDS u/s 194(1)(ba). Pls tell me company is doing any mistake . Kindly explain to whom sec. 194(1) (ba) is applicable.
We are deducting & paying TDS on Directors Remuneration as per Section 192 as per salary . Both the directors taking Remuneration Rs. 30000/- each and TDS on Rs. 1000/-per month . They also pay advance tax and file personal ITR . My query is our company is not deducting TDS u/s 194(1)(ba). Pls tell me company is doing any mistake . Kindly explain to whom sec. 194(1) (ba) is applicable.
27 September 2013
If co is paying remuneration basically in form of salary then tds will be deducted u/s 192.
If they making payment for technical or for advisory services to director then tds will be deducted under sec 194J.
If they making payment for technical or for advisory services to director then tds will be deducted under sec 194J.
Ajay Mishra
(Expert)
27 September 2013
Hi
Go to the following link:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.UO-tTuSE2Jw
Go to the following link:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.UO-tTuSE2Jw
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