Director fee sec-194j

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Querist : Anonymous (Querist)
07 October 2013 EXPLAIN ME WHEN APPLICABLE SEC-194J ON DIRECTOR FEE

07 October 2013 Finance minister in budget 2012
deepened the worry lines of the
directors of innumerable companies
who were enjoying the remuneration
from company without deduction of tax
at source by inserting a new clause
1(ba) in Section 194J which expand TDS
net to on any remuneration paid to
Directors of a company. This clause will
be effective from 1st July, 2012.
In accordance with newly inserted
clause 1(ba) in Section 194J, TDS @ 10%
is to be deducted from any
remuneration paid to Directors of
accompany with effect from 1st July,
2012.



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