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.
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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?
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