Do the company needs to deduct TDS monthly u/s 192 when a company decides to pay specific % as share in profit to director.
Do the company needs to deduct TDS monthly u/s 192 when a company decides to pay specific % as share in profit to director.
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
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
CAclubindia
