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Tds paid by director

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private worker
240 Points Posted on 16 May 2019
comoanys director deposits TDS from his personal accounts then it will be correct ?
please answer the same
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On 16 May 2019 at 17:23 Report
Replies (11)
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Ceo
3869 Points Posted on 16 May 2019
threshold limit 30k ki hai and it's exceeded here November the case 
so TDS deductible at 10% 
2 Reply
On 16 May 2019 at 18:58
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private worker
240 Points Posted on 16 May 2019
sir my point is paid TDS of behalf of company
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On 16 May 2019 at 19:02
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Team Lead
7558 Points Posted on 16 May 2019
why is he required to deposit from his personal account. who is actually liable to deduct tax
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On 16 May 2019 at 19:39
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Ceo
3869 Points Posted on 16 May 2019
tax deductor ..
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On 16 May 2019 at 19:40
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private worker
240 Points Posted on 16 May 2019
company liable to pay tax but due to short payment director paid the amount
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On 16 May 2019 at 19:41
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Ceo
3869 Points Posted on 16 May 2019
it all depends on whether the amount deductible been deposited to government within time
1 Reply
On 16 May 2019 at 19:43
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private worker
240 Points Posted on 16 May 2019
sir how to show in the books please guide
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On 16 May 2019 at 19:48
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Ceo
3869 Points Posted on 17 May 2019
TDS deducted as liability being deposit to government
1 Reply
On 17 May 2019 at 17:30
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18 Points Posted on 21 May 2019
The director is not liable to pay TDS on behalf of the company from his personal account. However if he does so, the company shall reimburse him for the same as and when it's cash flow allows it to.
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On 21 May 2019 at 00:53
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Student
60 Points Posted on 21 May 2019

Just pass Single JV like

TDS on Contractor/ Professional Charges/ Rent etc...     Dr

          To Dirrectors Loan/ Advance  Cr

As Sarvesh said comapny shall reimburse such amt to director

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On 21 May 2019 at 15:50
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7059 Points Posted on 03 August 2019
good clarification and information
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On 03 August 2019 at 23:33


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