Tds on query - new pvt. ltd. company

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Vikram (Querist)
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29 March 2013 Does TDS deduction is compulsory for a newly form private limited company on salary paid to its both directors?

CA.Sourabh Sethia (Expert)
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29 March 2013 Yes
the company is required to deduct TDS U/s.194J for the salary or remuneration paid to non managerial directors.

Vikram (Querist)
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30 March 2013 That means salary paid to Managing director doesn't requires TDS.. RIght?

CA.Sourabh Sethia (Expert)
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01 April 2013 that would be covered by Section 92B

because 194J is for Non Managerial Directors & it is Flat percent rate i.e @10%

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