Till date we are paying Salary to Directors as Direcotrs Remuneration and deducted TDS u/s 192B. As per new section inserted 194J(1)(ba), now we are require to deduct TDS as per new section or u/s 192B.
Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
03 April 2012Till date we are paying Salary to Directors as Direcotrs Remuneration and deducted TDS u/s 192B. As per new section inserted 194J(1)(ba), now we are require to deduct TDS as per new section or u/s 192B.
valji
(Accounts manager-MBA)
(2150 Points)
Replied 03 April 2012
you have to pass boad resolution for director salary deduct TDS under sec 192B
over & above salary for eg director sitting fees,commission deduct TDS undr sec 194J
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