31 October 2012
1)DIRECTORS REMUNERATION IN THE NATURE OF SALARY . 2)DIRECTORS REMUNERATION WHICH IS NOT IN THE NATURE OF SALARY. WHAT DOES THIS BOTH OF POINTS ABOVE MEAN PLEASE DO EXPLAIN! ON WHAT BASIS THE NATURE OF SALARY BEING DECIDED ? 192 ? OR 194J ?
31 October 2012
1. TDS on the Directors' Remuneration in the nature of salary will be deducted u/s 192. 2. The directors remuneration which is not in the nature of salary will come u/s 194J
Generally, the executive directors get fix monthly remuneration and the payment to them is made in course of employment and TDS u/s 192 will be deducted and TDS will be deducted u/s 194J in case of non executive directors who get sittting fees/ professinal fees etc
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