Tds on director remuneration

TDS 525 views 2 replies

a pvt ltd company transferred director remuneration ( rs 6 lac per director) payable for the fy 2012-13 in the unsecured loan a/c of respective directors. now when tax will be deducted ie when remuneration is paid to director or when the remuneration payable is transferred to unsecured loan a/c. please explain in detail.

Replies (2)

Technically, the TDS should have been deducted when the amounts were transferred to the unsecured account. 

TDS will applicable us 192 of the income tax act.


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