Directors remuneration
Querist : Anonymous
What difference basically its talking about.
Whatever remuneration we pay . consider as salary for I. Tax Act and deduct the tax according to slab rate.
Kindly clarify
The remuneration paid to WTD/MD which are in the nature of salary are continue to be treated as salary. However, as earlier there was no separate provision for the treatment of remunerations paid to directors which are not in the nature of slary and thus it also included in the salary.
Now there is a separate provision and all the above remuneration paid to directors which are not in the nature of salary are to be covered under 194J and TDS will be deducted @10%.
Querist : Anonymous
Querist : Anonymous
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