TDS on Directors Remuneration

This query is : Open

shehzad (Querist)
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02 February 2010 Dear Sir,

Ours is a public ltd. co. Co. decided to give remuneration to 2 of the directors now for the F.Y. 2009-2010.
My question is:
1) Whether TDS is to be deducted on it? In which section? Is there any way to escape from tax liability?
2) Whether any board / members resolution is to be passed?
3) Any other tax compliance's to be done?

Plz it is urgent.
Thanks

CA PRIKSHIT GUPTA

CA PRIKSHIT GUPTA (Expert)
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02 February 2010 Director salary will be treated as salary and TDS will be deducted as per provisions of salary.

shehzad

shehzad (Querist)
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02 February 2010 Sir,
Thanks for reply

Whether interest is to be paid for late deduction & deposit of tds on salary, as tds should be deducted from starting.

Sir, in order to save interest liability, can v do that board passed resolution in jan so no late deduction of tds on salary.

is this feasible / any other way

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