WHEN APPLICABLE SEC-194J ON DIRECTOR
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 07 October 2013
| Originally posted by : SHAHDAB KHAN | ||
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WHEN APPLICABLE SEC-194J ON DIRECTOR |
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W.e.f 01.07.2012, u/s 194J(1)(ba) tax is required to be deducted on any remuneration/fee/commission by whatever name called paid to a director, which is not in the nature of salary, at the rate of 10%.
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(There is no threshold limit of Rs. 30,000 in case of a payment to a director, as said above.)
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