Tds on director remuneration
This query is : Resolved
16 June 2012
In earlier years on director remuneration TDS was being deducted as salary then due to the introduction of following :
TDS on Payment to director as remuneration, commission, sitting fees be deducted @ 10%.
what will be the scenario?
TDS on Payment to director as remuneration, commission, sitting fees be deducted @ 10%.
what will be the scenario?
16 June 2012
PAYMENT TO DIRECTOR AS A COMMISSION.SITTING FEES.TDS IS TO BE DEDUCTED U/S 194J.@ 10%.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
16 June 2012
PAYMENT TO DIRECTOR AS A COMMISSION.SITTING FEES.TDS IS TO BE DEDUCTED U/S 194J.@ 10%.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
16 June 2012
PAYMENT TO DIRECTOR AS A COMMISSION.SITTING FEES.TDS IS TO BE DEDUCTED U/S 194J.@ 10%.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
16 June 2012
PAYMENT TO DIRECTOR AS A COMMISSION.SITTING FEES.TDS IS TO BE DEDUCTED U/S 194J.@ 10%.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
FOR OTHER PAYMENT AS A SALARY TDS IS TO BE DEDUCTED U/S 192.
Message likes :
1 times
16 June 2012
It is very important to see the terms of appointment of directors. If the amount is paid to non executive directors then all type of payment is deductible u/s 194J since he is not in the employement with the company.
A non executive direcors may receive commission, remunearation, Sitting Fees as per the terms of Appointment as non executive directors.
On other hand, An executive directors get salary from the Company and he is not entitlted for sitting Fees.All the payments as per his terms of employement is part of salary and TDS is deducted u/s 192.
A non executive direcors may receive commission, remunearation, Sitting Fees as per the terms of Appointment as non executive directors.
On other hand, An executive directors get salary from the Company and he is not entitlted for sitting Fees.All the payments as per his terms of employement is part of salary and TDS is deducted u/s 192.
Message likes :
2 times
23 June 2012
YES..AGREE WITH ABOVE EXPERT....
23 June 2012
It is proposed to amend section 194J to provide that tax is required to
be deducted on the remuneration paid to a director, which is not in the
nature of salary, at the rate of 10% of such remuneration.
The above change will be in case of non executive directors
remunerations i.e. not in the nature of Salary.
be deducted on the remuneration paid to a director, which is not in the
nature of salary, at the rate of 10% of such remuneration.
The above change will be in case of non executive directors
remunerations i.e. not in the nature of Salary.
23 June 2012
Sir, it is not proposed, it has already been enacted by the Finance Act, 2012 in section 194J(ba)of income tax Act, 1961.
24 June 2012
yes.Agree with you...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
