Tds on query - new pvt. ltd. company

This query is : Resolved 

29 March 2013 Does TDS deduction is compulsory for a newly form private limited company on salary paid to its both directors?

29 March 2013 Yes
the company is required to deduct TDS U/s.194J for the salary or remuneration paid to non managerial directors.

30 March 2013 That means salary paid to Managing director doesn't requires TDS.. RIght?


01 April 2013 that would be covered by Section 92B

because 194J is for Non Managerial Directors & it is Flat percent rate i.e @10%



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