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TDS on Managerial Remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2011 Hallo,

Please let me know Whether I TDS is applicable in case of Managerial Remuneration.

If yes, Under which section.

Thanks & Regards.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
21 March 2011 It will be regarded as salary payment.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 March 2011 Generally, section 192 applies in view of the Keral High Court decision in the case of CIT Vs. Travancore Chemical Mfg Co reported in (1982) 133 ITR 818,though delivered under the then section 16(1) of the Income tax Act,1961.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
21 March 2011 TDS will be deducted in the similar manner of salary....

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