can we paid Director's Remuneration in Cash
This query is : Resolved
07 March 2009
Hi wish all of u a Colourful Holi.
Please tell me that
1. can we paid Director's Remuneration in cash?
2. Can we have to Deduct TDs on it.
I am waiting for reply.
Please mail me at my mail id
mkp2685@gmail.com
or
filmsmukesh@gmail.com.
Please tell me that
1. can we paid Director's Remuneration in cash?
2. Can we have to Deduct TDs on it.
I am waiting for reply.
Please mail me at my mail id
mkp2685@gmail.com
or
filmsmukesh@gmail.com.
07 March 2009
1. Yes, if the monthly salary is below Rs. 20,000.00 then you can make payment in cash.
07 March 2009
2. if salary for the year after deducting exempted allowances and investment u/s 80C is more than 150,000 then you need to deduct TDS on monthly basis.
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07 March 2009
But for Cash payment do affix a revenue stamp. and for TDS just take decleration from directors about his other incomes and deductions as provided in Section 192.
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