When do we have to deduct tds
This query is : Resolved
09 May 2014
OUR COMPANY HAS MADE PROVISION OF DIRECTOR'S REMUNERATION PAYABLE TO THE DIRECTOR FOR RS.180000/- FOR THE YEAR ENDED 31ST MARCH 2014. THE COMPANY HAS NOT YET PAID THE DIRECTOR'S REMUNERATION. MY QUERY IS WHEN DO WE HAVE TO DEDUCT THE TDS (A) WHEN PAYING THE AMOUNT OR (B) WHEN MAKING THE PROVISION OF IT.
09 May 2014
In case your remuneration is covered u/s 192 then at the time of payment and in case not covered u/s 192 then TDS deductible u/s 194J where TDS deductible at the time of payment / provision whichever is earlier.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
