TDS ON (P) LTD COMPANY MANAGING DIRECTOR REMUNERATION

This query is : Resolved 

23 May 2009 Sir,
1. A Private Limited Company Managing Director Received Remuneration of Rs. 12,00,000/- from Company. Company is Liable to deduct the TDS on Remuneration paid if liable please tell in which section is covered US 92(B) or 94(J).
2. Company is passed a single entry for Remuneration paid to his M.D. for the year ending is it correct or passed every month

23 May 2009 Yes company is liable to deduct TDS u/s 192 of income tax act, that is under salaries



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