banner_ad

Tds paid by director

456 views 11 replies
User Avatar

private worker
240 Points Posted on 16 May 2019
comoanys director deposits TDS from his personal accounts then it will be correct ?
please answer the same
Reply Share Follow
On 16 May 2019 at 17:23 Report
Replies (11)
User Avatar

Ceo
3869 Points Posted on 16 May 2019
threshold limit 30k ki hai and it's exceeded here November the case 
so TDS deductible at 10% 
38 Reply
On 16 May 2019 at 18:58
User Avatar

private worker
240 Points Posted on 16 May 2019
sir my point is paid TDS of behalf of company
Reply
On 16 May 2019 at 19:02
User Avatar

Team Lead
7558 Points Posted on 16 May 2019
why is he required to deposit from his personal account. who is actually liable to deduct tax
30 Reply
On 16 May 2019 at 19:39
User Avatar

Ceo
3869 Points Posted on 16 May 2019
tax deductor ..
38 Reply
On 16 May 2019 at 19:40
User Avatar

private worker
240 Points Posted on 16 May 2019
company liable to pay tax but due to short payment director paid the amount
Reply
On 16 May 2019 at 19:41
User Avatar

Ceo
3869 Points Posted on 16 May 2019
it all depends on whether the amount deductible been deposited to government within time
38 Reply
On 16 May 2019 at 19:43
User Avatar

private worker
240 Points Posted on 16 May 2019
sir how to show in the books please guide
Reply
On 16 May 2019 at 19:48
User Avatar

Ceo
3869 Points Posted on 17 May 2019
TDS deducted as liability being deposit to government
38 Reply
On 17 May 2019 at 17:30
User Avatar

18 Points Posted on 21 May 2019
The director is not liable to pay TDS on behalf of the company from his personal account. However if he does so, the company shall reimburse him for the same as and when it's cash flow allows it to.
1 Reply
On 21 May 2019 at 00:53
User Avatar

Student
60 Points Posted on 21 May 2019

Just pass Single JV like

TDS on Contractor/ Professional Charges/ Rent etc...     Dr

          To Dirrectors Loan/ Advance  Cr

As Sarvesh said comapny shall reimburse such amt to director

Reply
On 21 May 2019 at 15:50
User Avatar

7059 Points Posted on 03 August 2019
good clarification and information
33 Reply
On 03 August 2019 at 23:33


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details