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TSD section

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trideep

218 Points Joined June 2013

Sir. our Govt organization {project} pay salary to Managing Directors and I deduct TDS u/s 94B but now some of the directors came and told me that there CA file return as professional fee and so TDS is to be deducted u/s 94J. now please advise me for the above also advice me how can I revise the 92B to 94J if I have charged TDS before wrongly.

Replies (2)

CA ABHAY GUPTA

Practice

3235 Points Joined August 2009

Payment made to full time director deemed as employee of company thus tax need to be deducted y/s 92B.. payment made to non working director or Any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company shall liable to be deducted @ 10%..

for more clarification go to following link..

https://www.google.com/amp/s/taxadda.com/tds-on-remuneration-paid-to-directors-under-section-194j1ba/