Tds on director

This query is : Resolved

Munish Kumar Rathi (Querist)
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26 September 2012 Dear Sir / Madam

We have paid a sum of Rs 75000/- to director as remuneration from april 12 to june .as per new rule from july 12 onwards directors remuneration should be treat as professional services ,tds 10% will be deduct.
Than amount rs 75000/- which was paid before july 12 wht treatment i have to do .wheather tds should be deduct or not if yes under which section i have to deduct tds as 194 j or 192 ....

Munish

Nitesh Parmar

Nitesh Parmar (Expert)
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27 September 2012 Remuneration to director are included in sec.194j from july 2012 onward.if remuneration is paid as a salary before july12 TDS is required to deducted u/s 192 otherwise no TDS is required to deducted for payment from april to june.