Tds on remuneration paid to director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2012
Dear Sir,
as per new rule, please confirm, whether TDS on Remuneration related to APRIL-2012 is to be deposited u/s 192B Or 192J(1)(ba)
as per new rule, please confirm, whether TDS on Remuneration related to APRIL-2012 is to be deposited u/s 192B Or 192J(1)(ba)
07 May 2012
It depends upon how you treat the director. If the director is an employee-director, i.e on roll of the company, then Sec. 192B. If that director is a professional director, then Sec. 194J.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2012
Dear Sir,
Thanks for your reply, but my question is, whether new rule applicable for April month's remuneration or not?
Thanks for your reply, but my question is, whether new rule applicable for April month's remuneration or not?
07 May 2012
No. There is no rule yet.
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07 May 2012
I agree with Mr Amol with the treatment to be given to your Director's pay.
And it seems that you mean Direct Tax Rules updated last month (by NEW RULES), right?
Yes, you have to apply NEW RULES, that is rules applicable for F.Y. 2012-13 (A.Y. 2013-14).
That's 2,00,000/- exempted income. 1 Lac under 80C.. No exemption for Infra Bond... 10000 interest is tax-free.. etc etc.
And it seems that you mean Direct Tax Rules updated last month (by NEW RULES), right?
Yes, you have to apply NEW RULES, that is rules applicable for F.Y. 2012-13 (A.Y. 2013-14).
That's 2,00,000/- exempted income. 1 Lac under 80C.. No exemption for Infra Bond... 10000 interest is tax-free.. etc etc.
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07 May 2012
Hi
Go to the following link for more details:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp
Go to the following link for more details:
https://www.caclubindia.com/articles/tds-on-remuneration-paid-to-directors-13422.asp
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