Director remuneration

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IS TDS to be deducted on remuneration paid to Director?
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The newly inserted clause (1)(ba) of 194J says Any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company shall liable to be deducted @ 10%.

As per section 194J, any person not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to 10 per cent of such sum as income-tax on income comprised therein.

Refer the below link:

/articles/tds-on-remuneration-paid-to-directors-13422.asp

YES..... @ 10%.

 


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