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
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
(Expert)
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.
06 October 2013
Deduct TDS u/s 192 as applicable on the basis of calculation and also take a note of the remarks of the expert Arun.
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