I have a confusion:
a) Our directors are paid salary on which we deduct tds u/s 192.
b) At the end of the year we pay them Commission of profits of the company which is restricted to 10% of profits of the company. Simply they are derived at the time of finalisation of books. they are calculated probably in the month of August every year. How we calculate TDS in march and under which section we should deposit the TDS. As per past practice we are taking both (salary + Commission) u/s 192.
Confusion is that we are paying them remuneration under the agreement and treat as their salary, now onwards should we deduct TDS us 194J (1) (ba) ...??
Answer with specific Logic please.
regards,
Sunil.
CAclubindia
