Unicorn (Business) (154 Points)
23 December 2013I had deducted TDS on payment made to 2 directors.
I had remitted this under sec 194J @ 10%.
Is this right? or do I have to deduct & remit the above only under 192B?
If,In the case of remitting against a wrong section, as above, what is the solution?
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 23 December 2013
Neljo Davis ACA
(Consultant)
(630 Points)
Replied 23 December 2013
If the director is employee of the company - TDS u/s192B. Otherwise 194J. You can give letter to the department for rectyfying the mistakes in challan.
CA KARAN MAINI
(Practising CA)
(106 Points)
Replied 23 December 2013
Unicorn
(Business)
(154 Points)
Replied 23 December 2013
This is a Pvt Ltd company , and myself & my father are the 2 directors, and we are the Only 2 shareholders also.
hanish kumar
(ipcc)
(32 Points)
Replied 24 December 2013
CAclubindia
