Tds on remuneration to directors
This query is : Resolved
19 October 2017
Whether TDS is applicable to Remuneration paid to directorsof a Pvt LTD comapany, If applicable which Sec.
and
and
CA R SEETHARAMAN
(Expert)
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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19 October 2017
If paid as salary, section 192 attracts. Otherwise,194J applies.
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19 October 2017
if the company provides perqsites (vehicle running expenses / insurance) what is the TDS applicability.
CA R SEETHARAMAN
(Expert)
19 October 2017
Then 192 TDS applicable.
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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
(Expert)
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.
If not, section 194-J will come into play.
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