Whether TDS is deductible on Bonus paid to Director
This query is : Resolved
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..
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..
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.
Just recalculate his tax liability after adding this bonus & pay the balance TDS with applicable interest.
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09 June 2011
Thank you Sir...
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