Dear Sir,
What is the t.d.s section of director remuneration in private limited company ?How is it deducted ? According to Salary Slab rate of 192B or 10% of 94J ?
3 Replies
ANIMESH CHOWDHARY
(Practicing CA)
(305 Points)
Replied 10 December 2018
Salary or Remuneration to a director in a Pvt ltd co will be treated as Salary & TDS will be deducted u/s 192B.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 10 December 2018
If it's paid as Salary then You can deduct as per Salary slab...
Better to consider the Director's any other income from any other Company & others.
Better to consider the Director's any other income from any other Company & others.
Z
( )
(2965 Points)
Replied 11 December 2018
If he is a non-executive director, then tax deduction shall be as per S.194J.
Whereas if he is an executive director such as - MD/WTD/ Manager, then deduction of tax shall be as per S.192.
To ascertain as to whether he is an executive or a non-executive director, you may read the terms of appointment and the resolution and the minutes of meeting in this regards.
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