06 July 2012
194 J but it is for fee other than salary. if salary is included then 192 will be applicable on it. for rest fee 194 J. 10% TDS will be deducted on full fee. No exemption limit
06 July 2012
We are already deducting TDS from their remuneration but on our self assessment. Is it mandatory to deduct @10% on the gross amount payable to Directors?
06 July 2012
Mr. Kedarnath, Co can pay director two types. One part comes under head salary. if you are paying salary to them then deduct TDS u/s 192 But if you are paying other fees which are not included in salary then you must deduct 10% on it u/s 194 J So if you are not paying him salary then you can deduct TDS @10% on full amount
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