Director Remuniration

[guna ch]

Dear Sir

 TDS on  director remmuniration is u/s 192B,

But i have Seen 194J (1) (BA) any remmunararion/commission paid to Directors of the company...effect from 1st  july 2012 .

Can any one please expalin me what is the difference between the above two sections , according to which section we would pay the TDS.

[ALOKE GHOSH]

This is in respect to your query about exact provision for deduction of tax from Directors' Remuneration.

The applicable section is Sec.192 of I.T.Act  and not 194J(1)(ba) relates to payment of any remuneration or salary or fees or commission other than those on which tax is deductible u/s 192.

So you are liable to deduct tax from remuneration u/s 192,

Thanks

A. Ghosh, Advocate

[guna ch]

Thank You But If you absorve any tds chart of FY 2012-13 there is an section 194J for remmunaration /commssion 

Kindly explain me where it is applicable

AI Summary

Clarification Sought on TDS Deduction for Directors' Remuneration Under Sections 192 and 194J(1)(ba) of Income Tax Act A query was raised regarding the correct section for deducting TDS on directors' remuneration, questioning the applicability of sections 192B and 194J(1)(ba) of the Income Tax Act. An advocate clarified that section 192 applies to the deduction of tax from directors' remuneration, while section 194J(1)(ba) pertains to payments other than those covered under section 192. The inquirer sought further clarification on the applicability of section 194J, referencing a TDS chart from the fiscal year 2012-13, indicating a need for more detailed guidance.