23 September 2011
1.Whether TDS need to be dedcuted by Pvt Ltd. co. while paying remuneration to director ?
2.If amount paid for both TDS on Int. & TDS on commisssion by single challan by writing on challan only section 194 h ,Whether we need to rectify it before submission of return & what is the procedure of rectification ?
23 September 2011
1. Yes, you need to deduct TDS while paying the remuneration to director.
2. you can not pay the TDS of different codes through one challan. If you had paid the same through a single challan then you need to pay TDS for Interest. For excess payment of TDS in code 194H you should approach the Assessing Officer of your ward/Circle for refund.
CAclubindia
