Pvt cos.

This query is : Resolved

A.Barli (Querist)
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02 September 2011 Can a pvt cos be run without any executive directors or managers

if all of them are non-executive and there is no manager??

Is remuneration paid to a non-executive director considered salary for tds?

Ravikant

Ravikant (Expert)
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02 September 2011 pvt cos can be run without any executive directors or managers

remuneration paid to a non-executive director is considered salary for tds

A.Barli

A.Barli (Querist)
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02 September 2011 Tds has never been deducted for years as of now.

What are the implications.

Any advise.

The director has paid taxes on such salary in full

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Ravikant

Ravikant (Expert)
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02 September 2011 No implications, unless in scrutiny TDS is checked by IT Officer