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Tds on directors remuneration

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(Querist)
06 April 2010 Dear all,

My question is whether a co. is liable to deduct tds on remuneration paid to director when the director himself deposited Advance tax and produced enough statements to co. about that.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 April 2010 IF AFTER CONSIDERING THE ADVANCE TAX TAX LIABILITY IS NIL., TDS NOT DEDUCTABLE.
BUT IT IS ADVISABLE TO DEDUCT TDS AND ASK DIRECTOR TO PAY THEIR ADVANCE TAX CONSIDERING THE TDS DEDUCTED.
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Amit

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Amit (Expert)
06 April 2010 I think TDS has to be deducted and the excess payment of Tax will be claimed as refund.
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abhay

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abhay (Querist)
06 April 2010 please tell me abt sec. also
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Amit

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Amit (Expert)
07 April 2010 Remuneration to director is covered u/s 192 of income Tax Act
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