Tds on query - new pvt. ltd. company
This query is : Resolved
29 March 2013
Does TDS deduction is compulsory for a newly form private limited company on salary paid to its both directors?
CA.Sourabh Sethia
(Expert)
29 March 2013
Yes
the company is required to deduct TDS U/s.194J for the salary or remuneration paid to non managerial directors.
the company is required to deduct TDS U/s.194J for the salary or remuneration paid to non managerial directors.
30 March 2013
That means salary paid to Managing director doesn't requires TDS.. RIght?
CA.Sourabh Sethia
(Expert)
01 April 2013
that would be covered by Section 92B
because 194J is for Non Managerial Directors & it is Flat percent rate i.e @10%
because 194J is for Non Managerial Directors & it is Flat percent rate i.e @10%
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