Tds on payment

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Business
154 Points Posted on 23 December 2013

I had deducted TDS on payment made to 2 directors. 

I had remitted this under sec 194J @ 10%.

Is this right? or do I have to deduct & remit the above only under 192B?

If,In the case of remitting against a wrong section, as above, what is the solution?

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On 23 December 2013 at 01:55 Report
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Accounts Manager - Taxation
1771 Points Posted on 23 December 2013
Pl inform, the said amount is paying as Director Salary or fees.
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On 23 December 2013 at 09:26
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Consultant
630 Points Posted on 23 December 2013

If the director is employee of the company - TDS u/s192B. Otherwise 194J. You can give letter to the department for rectyfying the mistakes in challan.

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On 23 December 2013 at 13:07
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Practising CA
106 Points Posted on 23 December 2013
Commission paid to independent director tds deducted us 194j irrespective of any amount
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On 23 December 2013 at 22:45
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Business
154 Points Posted on 23 December 2013

This is a Pvt Ltd company , and myself & my father are the 2 directors, and we are the Only 2 shareholders also.

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On 23 December 2013 at 23:23
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ipcc
32 Points Posted on 24 December 2013
So you arevtaken as a salary ang goinb into 194 b
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On 24 December 2013 at 08:15
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ipcc
32 Points Posted on 24 December 2013
192b in this case for payment to director
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On 24 December 2013 at 08:18

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