Whether commission on profits provided at the end of the year be liable for tax deduction either in the year of provision or in the year of payment.
Menu
TDS on commission to MD
Replies (4)
year of provision
Hi,
Since MD is the employee of the Co. TDS has to deducted at time of Payment as per Section 192 of the act.
In case of salary only Tax has to be deducted at time of payment only and not at time of provision.
Directors of the Company may or may not be an employee of the company, it will depend upon terms of appointment.
In which section TDS should be deducted for the payment of commission to MD?
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
