Kindly tell me the provisions for deducting TDS on payments made to director. A Pvt. Ltd. company is paying amounts to its directors on regular interval other than the salary every month which is a fixed amount. Regarding the other payment what should it be considered and how much TDS shall be deducted on same. The previous accountant has considered every payment made to director as salary and deducted TDS accordingly thats too on half year basis as a consolidated amount. Kindly guide on what should i do in the current year.
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