Whether TDS is deductible on Bonus paid to Director

This query is : Resolved

bhhasskar borggohain (Querist)
Follow

09 June 2011 Sir

My client has paid bonus of Rs 8 Lacs to its managing director and not deducted TDS thereon.

whether TDS was deductible on the payment and if yes what is the step needed to correct this?
the transaction relates to FY 2010-11 in the month of December. the director is a resident individual..

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

09 June 2011 This bonus will be added to his salary & TDS should have deducted accordingly.

Just recalculate his tax liability after adding this bonus & pay the balance TDS with applicable interest.

Message likes : 1 times

bhhasskar borggohain

bhhasskar borggohain (Querist)
Follow

09 June 2011 Thank you Sir...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

NISHANT SIPANI

Amit Bhatkar

MAHESHA RAMANNA

J.Vijai

vinod

Subscribe Now

Whether TDS is deductible on Bonus paid to Director

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Article Assistant

GST CONSULTANT

Accountant