Bonus payment
This query is : Resolved
16 October 2012
please let me know bonus payment to director is subject to deduction of tds u/s 194J(1)(ba) or not ?
16 October 2012
If there exists a Employer - Employee relationship then tds deduction falls u/s 192B not u/s 194J.
16 October 2012
but act says : when there is a payment to directors other than salary section 194J(1)(ba) attracts
please confirm
please confirm
16 October 2012
Sec 194J mainly covers commission an dsitting fees pai to directors and the sec clearly state that is if the remunaration is covered by sec 192B then sec 194J is not applicable.
If the remunaration is not covered by sec 192B and TDS is not deducted u/s 192B then it has to be deducted u/s 194J.
If the remunaration is not covered by sec 192B and TDS is not deducted u/s 192B then it has to be deducted u/s 194J.
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