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Tds for directors

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2015 Our company is Private Limited, and Share Capital below 50 Lacs.

We have 3 directors, there are involving in daily activities. So we paid salary/ remuneration to them and remit the TDS on section 92B (salaries)

is it right or we have to remit TDS U/s 94J.

if we remit TDS u/s 94J, their annual income exceeds 20lac. But they don't have Service Tax registrations.

Please guide us in this matter
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 June 2015 For those directors involving daily activities and paid salary TDS u/s 192 only applicable.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
27 June 2015 Yes. TDS deduction u/s.192 is correct for whole time director involving in business activities
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