Director remuneration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2013 sir
pls advise the following

any remuneration paid to working directors tds is to be deducted u/s 192 or 194 j

if the remuneration is below the limit of 2,00,000/- per annum then tds is to be deducted u/s. 192 or not
(COMPANY STARTS FROM AUG'12 AND REMUNERATION PAID IS 15000*7=105000/-

THEN TDS IS TO BE DEDUCTED OR NOT

OR COMPULSORY TDS IS TO BE DEDUCTED U/S. 194 J

regards
S.PHANI RAJA KUMAR

Arun Biyani

Arun Biyani (Expert)
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27 September 2013 Director remuneration should always be treated as Salary and TDS should be deducted under section 192, because if you treat it other than salary then your service tax liability will also arise. So you treat it as salary always and deduct TDS under section 192 only.