Tds on directors remuneration
This query is : Resolved
17 December 2012
A Pvt Ltd Co is paying remuneration for 6 months in current F.Y to one of it's directors.It has paid the same 2 years back and not certain about future.
Please tell me under which Section TDS on this remuneration to director should be deducted? Is it a salary or professional service?
Please tell me under which Section TDS on this remuneration to director should be deducted? Is it a salary or professional service?
17 December 2012
Pl take the same as salary only, otherwise not just TDS but service tax liability accoridng to reverse charge mechanism will also come on company's head, take it as salary strictly suggested.
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