2400000
Mahesh SV (Accounts Manager) (85 Points)
16 August 2016
Devendra Singh
(Chartered Accountant)
(487 Points)
Replied 16 August 2016
TDS on remuneration paid to managing directors is deductible u/s 192 at the normal rates applicable to individuals.
Thirumalai Kumar
(Practicing Cost Accountant)
(213 Points)
Replied 17 August 2016
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 17 August 2016
mohammad
(article assistant)
(123 Points)
Replied 17 August 2016
Yajuvendra Rawat
(Internal Auditor)
(296 Points)
Replied 17 August 2016
First and foremost their is no threshold limit in deduction of TDS towards Directors in case of fees or commission as rightly said by Mr. Mohammed. Secondly if a company makes payment or you can remuneration to a director considering him as an employee, TDS U/s 192B will be applicable, however if he receives fees or commission then in such a case TDS U/S 194J will be applicable and that too without any threhold limit.
mohammad
(article assistant)
(123 Points)
Replied 17 August 2016
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