Managing director remuneration

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Hi All,

If for Managing director, Can Remuneration and Consultancy charges be paid.

TDS U/s.192B and 194J can be deducted and Form 16 & 16A can be given?

Is it valid to give Form 16 & 16A to the Managing Director from Same company.

Regards

 

Nagarjun 

 

 

Replies (2)

It can be done but you'll have to report it as a related party transaction u/s 188 and AS-18.

Thank you Rahul


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