For the year ended 31 March 2010, the Company has provided for commission payable to a director. Also the Company has provided for TDS on the commission but not paid the same as the TDS shally be paid under section 192 only at the time of payment of commission.
The Company has paid the Commission in the year ended 31 March 2011. The Company has also paid the TDS during this year.
Has the Company defaulted in the TDS deduction or payment?
Also when shall the commission be liable in the hands of the director?
CAclubindia
