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amol bramhankar (artical tranee)     26 September 2021

On managerial remuneration in private limited tds required to deduct

tds on managerial remuneration in private limited required to deduct
if yes in which section and percentage


 7 Replies

Sourav

Sourav (Student)     26 September 2021

Section 192
Raj C Doshi

Raj C Doshi (Practising CA)     26 September 2021

Sec 192B - There is no percentage. You have to compute the TDS on salary with applicable exemptions,deductions submitted by employee.
amol bramhankar

amol bramhankar (artical tranee)     26 September 2021

Some consider as professional fees
Raj C Doshi

Raj C Doshi (Practising CA)     26 September 2021

Then it is Sec 194J at 10%
Sourav

Sourav (Student)     27 September 2021

Refer 194J
amol bramhankar

amol bramhankar (artical tranee)     27 September 2021

In both which is correct method
Ashok J

Ashok J (CA Final)     29 September 2021

If the recipient is an employee, consider it  as salary and deduct TDS under slab rate. If the recipient is not an employee, consider it as professional fee and deduct flat 10 percent TDS.


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