Under which section TDS on Director's Salary of a pvt Ltd. co. is to be deducted and in which Form (24Q or 26Q) the quartely return is to be furnished?
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 25 July 2009
TDS on director salary is nt different from tds on salary and hence it should be deducted under section 192.
Somesh Goyal
(GM)
(29 Points)
Replied 28 July 2009
TDS deducted on salary has to be filed in Form 24 irrespective of the status of an employee