Director's remuneration
This query is : Resolved
08 October 2011
Dear Experts,
Please help me on the following matter:
Normally we pay to our director Rs 0.75 lac per month after Tds deducted
We have paid advance director’s remuneration total of Rs. 1.25 lac by cash (shown in books under current asset ledger name is advance against director’s remuneration ) in f.y. 10-11. but not deducted any TDS against the above payment
Now in f.y. 11-12 what to do ? should it be adjust against current year’s remuneration ? actually we have already paid current years remuneration upto july’11 and deducted tds is already deposited in bank
Please help me what to do ?
Please help me on the following matter:
Normally we pay to our director Rs 0.75 lac per month after Tds deducted
We have paid advance director’s remuneration total of Rs. 1.25 lac by cash (shown in books under current asset ledger name is advance against director’s remuneration ) in f.y. 10-11. but not deducted any TDS against the above payment
Now in f.y. 11-12 what to do ? should it be adjust against current year’s remuneration ? actually we have already paid current years remuneration upto july’11 and deducted tds is already deposited in bank
Please help me what to do ?
08 October 2011
Please note you have given a "advance against director remuniration", not "advance director remuneration".
Hence, no TDS on the same was deductiable in FY 2010-11.
IN FY 2011-12, you can adjust this advance against subsequent months Remuneration.
Regards
Hence, no TDS on the same was deductiable in FY 2010-11.
IN FY 2011-12, you can adjust this advance against subsequent months Remuneration.
Regards
08 October 2011
In case of FY 2010-11 u paid advance [remuneration] in cash. Sec 269SS has been attracted.
In this year u can adjust this advance against subsequent months for remuneration.
In this year u can adjust this advance against subsequent months for remuneration.
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