TDS On salary paid to ATM Guard
Govind Raj K (1 Points)
16 April 2018Govind Raj K (1 Points)
16 April 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196198 Points)
Replied 16 April 2018
Salary paid to any of your employee, be it ATM Guard, is liable for TDS u/s. 192 of IT act. (provided exceed BEL)
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 16 April 2018
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 16 April 2018
Genrally there are 2 ways (most of the time) of paying salary to security guard.
one is security guard is on your payroll , in such case tds 192 attracts if taxable salary exceeds basic exemption limit.
Second is security guard is on the payroll of third person i.e. security agency ( this scenario can be seen in most of the company where sec guard is provided by agency), in such case payment to agency attract tds u/s 194C subject to threshold limits
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 16 April 2018
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)