09 May 2014
OUR COMPANY HAS MADE PROVISION OF DIRECTOR'S REMUNERATION PAYABLE TO THE DIRECTOR FOR RS.180000/- FOR THE YEAR ENDED 31ST MARCH 2014. THE COMPANY HAS NOT YET PAID THE DIRECTOR'S REMUNERATION. MY QUERY IS WHEN DO WE HAVE TO DEDUCT THE TDS (A) WHEN PAYING THE AMOUNT OR (B) WHEN MAKING THE PROVISION OF IT.
09 May 2014
In case your remuneration is covered u/s 192 then at the time of payment and in case not covered u/s 192 then TDS deductible u/s 194J where TDS deductible at the time of payment / provision whichever is earlier.
CAclubindia
