TDS on Directors Remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2011
Hi,
Ours is a pvt.ltd.co.We have paid Rs.36,000 p.m in 2008-09 and Rs.1,13,157 p.m in 2009-10 as Directors remuneration for one director without deducting TDS.And also we have already filed eTDS returns for the said two years.
Please advice on how to proceed further with a solution for this happened mistake.
Ours is a pvt.ltd.co.We have paid Rs.36,000 p.m in 2008-09 and Rs.1,13,157 p.m in 2009-10 as Directors remuneration for one director without deducting TDS.And also we have already filed eTDS returns for the said two years.
Please advice on how to proceed further with a solution for this happened mistake.
31 January 2011
In case of the FY 2008-09 just keep quiet. In case of FY 2009-10, you can deduct now and together interest remit and file revise the TDS return.
If the concerned director filed his return including the above said income, then the department do not have right to ask you to pay once again.(Case law is there). But you may be penalised for non compliance of TDS provisions. That is rare now a days
If the concerned director filed his return including the above said income, then the department do not have right to ask you to pay once again.(Case law is there). But you may be penalised for non compliance of TDS provisions. That is rare now a days
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- FEMA regulation Act. for inward remitance
- Grand in aid
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
