In a Private limited company one director is getting monthly Rs.40000 salary (including Rs.2000 as TDS). TDS is deducted @ 5%. Is it right at what % i should deduct TDS on partner's salry?
In a Private limited company one director is getting monthly Rs.40000 salary (including Rs.2000 as TDS). TDS is deducted @ 5%. Is it right at what % i should deduct TDS on partner's salry?
Dear Vinayak,
Just go through the New TDS rate as announced by the Honble FM in this budget. New subsection into section 194J is inserted.....194J(1)(ba) which says TDS will be deducted on any amount of remuneration or commission paid to Director @ 10%.
Thanks
Mihir Doshi
monthly I'm paying Rs.194400 rent
what is the tds entry
and how much can i deduction possible
ramesh travelling advance given to madu Rs.10000 .after complition of tour madu Rs.1000 amount refunded ?
what are journal entry's of this question?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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