banner_ad

TDS on salary and rent to a director

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 September 2009 A Pvt. Ltd Co. pays rent and salary to a director in a lumpsum amount at the end of the year.Also, it pays the TDS on both at the time of making the payment. Is it OK with the co. or it should be paid monthly?
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
15 September 2009 TDS on rent is attracted on payment or on making provision for the expenditure, whichever is earlier. If the company does not make provision for rent on a monthly or any other basis, prior to making the lumpsum payment, it is OK.

So far TDS on salary is concerned, it is payble on making the payment. Provisions in the books is not relevant. As TDS is deducted at the time of making the lumpsum salary payment, it is OK.
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
15 September 2009 Right, same as above
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details