Tds on remuneration to directors

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sreejith (Querist)
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19 October 2017 Whether TDS is applicable to Remuneration paid to directorsof a Pvt LTD comapany, If applicable which Sec.
and

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 October 2017 If they're full time director treated as employee deduct TDS u/s 192 else TDS applicable u/s 194J.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 October 2017 If paid as salary, section 192 attracts. Otherwise,194J applies.

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sreejith

sreejith (Querist)
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19 October 2017 thank you so much .

sreejith

sreejith (Querist)
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19 October 2017 if the company provides perqsites (vehicle running expenses / insurance) what is the TDS applicability.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 October 2017 Then 192 TDS applicable.

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RAJA P M

RAJA P M (Expert)
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19 October 2017 The company account directly to company's books of accounts then TDS not applicable for the expenses...

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Tax pundit

Tax pundit (Expert)
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19 October 2017 One has to see whether there is employer-employee relationship. If the director is employed with the company, then the remuneration inclusive of perquisites will have to be computed as per the provisions applicable to income under the head "Salaries: and TDS will have to be deducted u/s 192.
If not, section 194-J will come into play.

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