Tds return for directors remuneration


(Querist)
25 April 2019
Ours is a pvt ltd company. Directors are being paid remuneration as upon which TDS has been deducted. Now TDS Return has to be filed latest by 31st May 2019. Please let me know which form from the site of NSDL I should download.


CA Kamlesh Kukreja (Expert)
25 April 2019
form 26Q is applicable for tds deducted on director remuneration paid

A.Senthil Subramanian (Expert)
26 April 2019
Kamlesh sir, can the remuneration be treated as Salary being it is paid on monthly basis to the Director. Because in 26Q the TDS rate may be higher than 24Q treatment. What will be advisable and correct one. Please guide.

TARIQUE RIZVI (Querist)
26 April 2019
lot of thanks for your keen interest in replying. I would like to know what is the difference between 24Q & 26Q.

A.Senthil Subramanian (Expert)
26 April 2019
24Q for Salary Return only. 26Q for Other than Salary Return (Residents), 27EQ for TCS Deductions and 27Q for Non-Resident payments.

TARIQUE RIZVI (Querist)
26 April 2019
Lot of thanks to all of you. Ours is a pvt ltd company and we are paying/providing salary to directors as on 30th or 31st of each month. We have paid TDS u/s 92-B and as such we will file tds return in form no. 24Q.

TARIQUE RIZVI (Querist)
26 April 2019
Simultaneously I would like to know what is the difference between salary to directors and remuneration to directors and what should we provide in our books of accounts. Directors are drawing on account only.

A.Senthil Subramanian (Expert)
26 April 2019
Dear Tarique,It is vast subject and for More Information, it is best to Consult your Company Auditor because he only going to file your IT returns and other IT related compliance. So consulting them is best.

A.Senthil Subramanian (Expert)
26 April 2019
Dear Tarique, you may see this link also
https://www.caclubindia.com/experts/director-remuneration-taxable-under-which-head--1083739.asp

TARIQUE RIZVI (Querist)
26 April 2019
lot of tks to everybody

A.Senthil Subramanian (Expert)
26 April 2019
Tks to you also. Kindly click the "Like" Symbol to convey your greet.


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