06 May 2010
(1) compute amount of tds to be deducted after considering other incomes and investment details disclosed by directors. If directors want to file own return and are not certain regarding other income. Deduct TDS on amount of Remuneration without considering exemption limit and 80c deduction. Its my view opinion of other expert is solicited. (2) Challan used is ITNS 281 under sec 92B.(if not a govt co.)
06 May 2010
For tds purpose, Director Remuneration will be treated as such salary to employee. We required declartion for proposed investment at starting of f y. and calculate average rate of TDS.
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