Do the company needs to deduct TDS monthly u/s 192 when a company decides to pay specific % as share in profit to director.
Menu
Tds on salary
Replies (2)
Dear Abhilasha,
The deduction u/s 192 is to be made only incase of a Whole Time Director. If the monthly payment is to a non executive director, the same may be treated as commission and TDS shouyld be made under 194J - Professional Fees.
If you have any further query...please ask
ankit is right the same shall be considered as commission and requires TDS to be deducted as normall.
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
