Tds to be deducted or not
This query is : Resolved
Anuj Verma
(Querist)
30 September 2014
R/Sir,
I a pvt. ltd. concern, we are paying Rs- 60,000 Per month to our director as salary.
whether we are liable to deduct tds or director can pay income tax applicable with his personal ITR.
There is no payment to any other director on account of salary, commission, setting fees etc.
Please clarify
regards
Anuj Verma
I a pvt. ltd. concern, we are paying Rs- 60,000 Per month to our director as salary.
whether we are liable to deduct tds or director can pay income tax applicable with his personal ITR.
There is no payment to any other director on account of salary, commission, setting fees etc.
Please clarify
regards
Anuj Verma
CA SUNIL K GARG
(Expert)
30 September 2014
sir, if director is in whole time employment of company , then u have to deduct tax as salary u/s 192
otherwise @10% u/s 194 j,
otherwise @10% u/s 194 j,
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