Tds on director remuneration

Sushil Kumar Mohanty (Accountant) (137 Points)

19 March 2013  

DEAR FRIENDS

IF ONE DIRECTOR OF A PVT. LTD. COMPANY RECEIVE REMUNERATION Rs. 350000/- , F.Y. 2012-13 , WHAT IS THE TDS PROVISION OF REMUNERATION AMOUNT, &  U/S 194J DIRECTOR REMUNERATION TDS CALCULATED @ 10% BUT THE PROVISION W.R.F 01.07.12. KINDLY SEND THE PROCEDURE FOR TDS CALCULATION .