Tds on directors remuneration.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2018 Dear Sir,

We are from Pvt Ltd Co.

We have 2 directors for the company and are Paying Director Remuneration as Rs.75,000 /- pm one director and Rs. 50,000/-pm Another.

Now, kindly let me how much TDS should be deduct on these accounts for how many months??? Is there any Exemption for TDS ??

Plz tell me

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 January 2018 Deduct TDS u/s 192 treating it as salary payment for 12 months. No exemption from TDS for such payment.

Avinash Jeevan Dsouza

Avinash Jeevan Dsouza (Expert)
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29 January 2018 If the payment made as employee of the company then TDS deducted under 192 B. If the same considered as sitting fee/any other then 194J will applicable.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2018 Dear Avinash SIr,

We are paying it as Remuneration.

Avinash Jeevan Dsouza

Avinash Jeevan Dsouza (Expert)
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30 January 2018 You director is giving any service to your company?