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TSD section

trideep (ca) (218 Points)

03 June 2020

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.

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CA ABHAY GUPTA (Practice) (3230 Points)
Replied 03 June 2020

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/