Do the company needs to deduct TDS monthly u/s 192 when a company decides to pay specific % as share in profit to director.
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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.
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