Kindly tell me the provisions for deducting TDS on payments made to director. A Pvt. Ltd. company is paying amounts to its directors on regular interval other than the salary every month which is a fixed amount. Regarding the other payment what should it be considered and how much TDS shall be deducted on same. The previous accountant has considered every payment made to director as salary and deducted TDS accordingly thats too on half year basis as a consolidated amount. Kindly guide on what should i do in the current year.
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Tds on directors remuneration
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we simply pay the amount and i dont know how to categorise whether its salary or anything else. And in any case, TDS has to be deducted on monthly basis or at the time time of each payment??
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