Respected Sir/Ma'am,
My question is that X Ltd. is paying a salary to its Director Mr. A. @ 10000 per month. No other sitting fees or commission is payable to the Director Mr. A. So the total salary of Mr. A for the whole year comes to Rs. 120000. X Ltd. does not deduct any tds on salary paid to Mr. A as his salary is within the exemption limit. But now with the amendment of Sec194J, any remuneration, fees or commission paid to director shall be subject to tds @ 10%.
So whether the company should deduct tds on 120000(which is within the basic exemption limit) or not?
CAclubindia
