My question is whether a co. is liable to deduct tds on remuneration paid to director when the director himself deposited Advance tax and produced enough statements to co. about that.
06 April 2010
IF AFTER CONSIDERING THE ADVANCE TAX TAX LIABILITY IS NIL., TDS NOT DEDUCTABLE. BUT IT IS ADVISABLE TO DEDUCT TDS AND ASK DIRECTOR TO PAY THEIR ADVANCE TAX CONSIDERING THE TDS DEDUCTED.
CAclubindia
