TDS Deduction

Can  a director of a Pvt. Ltd. Company earn consultancy fee from the company with remunaration? if  yes, then what is the procedure?

Replies (3)

Dear Jitin,

                       Yes, He can earn but there are certian conditions in this respect. please write me detail about company and its paid up capital sothat i can help you in more precise manner. my email id is sachinagarwalcallb @ gamil.com

thank You Sir

Sir

as per your reply i want to state that the company is Pvt. Ltd Co.

Authorised Capital (25000 Sh. @ Rs. 100 each = 2500000
Paid Up Capita (1148 Sh. @ Rs. 100 Each)      = 1,14,800 as

Managing director (748 sh. @ Rs. 100 each) = 74,800
Director (400 sh. @ Rs. 100 Each )              = 40,000

 

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