Tds on directors remuneration

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Shraddha (Querist)
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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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

Ajay Mishra

Ajay Mishra (Expert)
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27 September 2013 Hi

Go to the following link:

https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.UO-tTuSE2Jw

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