Whether there is any cut off amount for tds u/s 194j (1) (b)


Whether there is any cut off amount for TDS lile 30000/- u/s 194j (1) (b) a for any remuneration or commission paid to director of the company(Effective from 1 July 2012).

Replies (2)

As per Section 194J(1)(ba)-  Any remuneration or commission paid to director of the company(Effective from 1 July 2012) , tds shld b deducted @ 10%.

So there is no cut off amount, & it has to be deducted on any remuneration or commission paid to director.

 

 



 

Remuneration to a Director other than in the nature of Salary shall be liable to deduct tax at source @ 10% u/s 194J (w.e.f. 1.7.2012).

Cut off limit of Rs 30000/- is not applicable. so, TDS has to be deducted @ 10 %

 


 

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