Tds reg director remuneration
This query is : Resolved
Koneri Balaji
(Querist)
02 February 2014
under which head director remuneration is taxable. and how much tds to be made on that by the company under which section.
02 February 2014
TDS on Salary paid to Directors shall be deducted u/s 192.
On any other payment (Sitting fees, Commission etc) TDS to be deducted u/s 194J(1)(ba) @10% from 1st July, 2012 onwards.
Applicable irrespective of the nature of directorship.
For details see article from below link--
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.Uu4ZmU1DHVJ
On any other payment (Sitting fees, Commission etc) TDS to be deducted u/s 194J(1)(ba) @10% from 1st July, 2012 onwards.
Applicable irrespective of the nature of directorship.
For details see article from below link--
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp#.Uu4ZmU1DHVJ
AVTAR SINGH
(Expert)
02 February 2014
Director's remuneration is taxable under the head Salary Income. TDS is also deductible under section 192b.
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